BNB price holds near USD 687 as Binance recovery remains in focus
Published on 11/11/2026 at 07:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBNB recovery remains market focus
- BNB was shown at USD 687.20 in a Nov. 11 Investing.com reading, 0.62% below the verified Nov. 10 UTC daily close of USD 691.47.
- Binance said 98% of the digital assets affected by the Oct. 29 security incident had been replenished by Oct. 31.
- Withdrawals resumed in phases, including on the BNB Smart Chain, but the investigation and recovery process remain relevant risks for BNB holders.
The BNB price remained close to USD 687 in a Nov. 11 reading, keeping the token below the USD 700 level as investors continued to assess Binance's response to its October security incident. Investing.com displayed BNB/USD at USD 687.20 at 13:28:13, with a 24-hour volume of USD 1.29 billion, a market capitalization of USD 90.35 billion and a market-cap ranking of fourth.
Against the verified UTC daily close of USD 691.47 for Nov. 10 reported by Kinzan, the displayed price was lower by 0.62%. That move is well below the threshold at which the daily change itself would qualify as the main news event under this report's format. The same Investing.com page showed a 52-week range of USD 537.61 to USD 1,008.29 and 131.51 million BNB in circulation.
Security incident still shapes sentiment
The immediate market context is the security incident disclosed by Binance after unauthorized transfers from hot wallets on Oct. 29. In its initial findings update, Binance said approximately USD 6.34 billion in digital assets had been affected. The company reported that USD 2.85 billion had been frozen or intercepted as of its Nov. 3 update, while the investigation remained ongoing.
Binance also said that 98% of the affected token assets had been replenished by Oct. 31 and were verifiable through its Proof of Reserves process. Replenishment is not the same as recovering the stolen assets from the attackers: it describes the exchange's backing of user balances, while asset recovery remains a separate process.
Withdrawals return in phases
According to CNBC, Binance resumed withdrawals in phases after the incident, including for the Ethereum network and BNB Smart Chain. The exchange said it would use the Secure Asset Fund for Users, its futures insurance fund and corporate funds to replenish affected assets.
For BNB holders, the recovery measures reduce one immediate operational concern but do not remove exchange concentration or security risk. BNB remains closely tied to Binance's platform, while its wider price continues to reflect broader crypto-market conditions as well as company-specific developments. The BNB price therefore warrants attention to both token-market data and further updates on Binance's investigation and controls.
Further reporting and context are available on the BNB topic page.
