Binance burned $795 million worth of BNB tokens
The quarterly burning was done using the Auto-Burn mechanism
18.01.2022 - 10:15
468
1 min
0
What’s new? The Binance cryptocurrency exchange has implemented its eighteenth quarterly burn of the Binance Coin (BNB) tokens using the Auto-Burn mechanism. This is announced on the platform's Twitter.
#Binance completes 18th quarterly #BNB burn.🔥🔥 $795M USD has been burned! 🔥🔥https://t.co/BsLqhtsovc— Binance (@binance) January 17, 2022
What is the result of the tokens’ burn? 1 684 387,11 BNB (or about $795 million at the time of writing) has been withdrawn from circulation. 6296,305493 BNB were burned as a part of the Pioneer Burn program.
What had happened before? At the end of December, it was revealed that Binance was introducing a mechanism for the automatic coins’ burning, BNB Auto-Burn. It operates independently of the proceeds generated on Binance's centralized exchange through the use of BNB.
The mechanism is expected to provide a greater level of transparency for the Binance Coin and Binance Smart Chain communities.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$65 532
BTC
-0.46%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.13
XRP
-0.47%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.072325
DOGE
-0.26%
-
Zcash
$516.97
ZEC
+0.87%
-
Cardano
$0.174311
ADA
+0.99%
-
Stellar XLM
$0.184525
XLM
-2.57%
-
Polkadot
$3.32
DOT
+5.27%