BNB lags market despite break above $860 as scrutiny of Binance grows
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The underperformance came over an investigation alleging Binance failed to stop suspicious transactions, despite agreeing to pay $4.3 billion to settle a U.S. criminal case in 2023.\nWhat to know : The price of BNB rose 1.7% in 24 hours, breaking past the $860 resistance level, despite underperforming the wider cryptocurrency market. The underperformance came amid an FT investigation alleging Binance failed to stop suspicious transactions, despite agreeing to pay $4.3 billion to settle a U.S. criminal case in 2023. BNB is currently 32% below its all-time high of $1,360, while other exchange tokens like KCS and LEO have shown more resilient performance, down far less from their all-time highs.