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Max Kordek: Binance hacker sells all 9.258 million LSK, price drops to 24 cents

Max Kordek: Binance hacker sells all 9.258 million LSK, price drops to 24 cents
Binance hacker sells out LSK holdings

The Binance hacker has sold all 9.258 million LSK tokens on decentralized exchanges, causing the LSK price to fall from 28 cents to 24 cents.

Max Kordek, co-founder and CEO of Lisk, said the hacker now holds no LSK and described the development as removing uncertainty surrounding the Binance hack.

The Lisk team has been monitoring the Binance hack and previously indicated plans to provide updates as new details emerged. Co-founder Max Kordek has played a key role in communicating developments to the public. Earlier, Kordek also announced the planned Lisk Chain shutdown scheduled for November 2, which will involve burning about 4 million LSK in staking rewards.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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