Binance Replaces ERC20 BNB Tokens with Native BEP2 Tokens

Cryptocurrency exchange Binance is making a number of major changes in the company, especially following the recent hack. One of the major changes is the transition from ERC20 BNB tokens to its native BEP2 BNB tokens, According to the company’s CEO Changpeng “CZ” Zhao.
Source: Twitter
ERC20 tokens to be burned
As part of the transition, CZ said all ERC20 BNB tokens will be burned. This includes tokens from both cold and hot wallets of the company. they will then be replaced with an equal amount of BEP2 tokens from the creator address

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