BNB Stalls Below $900 Amid Zerobase Hack and BNB Chain Milestone

The price of BNB remained below $890 on December 12, with a minor intraday movement of 0.12%. Despite the BNB Chain announcing a record transactions-per-second (TPS) of 8,384, security concerns overshadowed this milestone.

Zerobase, a project within the BNB Chain ecosystem, reported a major security breach involving a phishing contract impersonating their platform to gain unauthorized USDT approvals.
An automatic detection mechanism was activated to restrict wallets interacting with the malicious contract until fraudulent permissions are revoked.
Users were advised to use tools like revoke.cash to eliminate unauthorized access and avoid unofficial links and unverified prompts.
HashDit confirmed a frontend compromise of the Zerobase domain, advising users to stop interactions until resolved.

The security issues nullified the positive sentiment from BNB Chain's TPS record. The focus shifted to security exploits affecting BNB Chain users.

BNB Price Forecast

BNB's price is consolidating between $869 and $892, with a mild bearish tilt as sellers defend the $880-$900 zone.
RSI sits at 47.29, indicating neutral momentum but slightly bearish due to the inability to establish higher lows.
MACD shows weak buying pressure, suggesting continued downward drift.
A break above $892 could lead to $915, while failure to hold $870 may expose BNB to $860 or lower if uncertainty persists.