Somewhat expectedly, BNB is today's poorest performer after the hack against the BNB Chain.
Somewhat expectedly, BNB is today’s poorest performer after the hack against the BNB Chain.
While bitcoin continues to trade around the coveted $20,000 line, Binance Coin is among today’s worst performers following yesterday’s hack against the BNB Chain. Most other larger-cap alts are also with slight declines, and the crypto market cap has settled at approximately $950 billion.Arguably the biggest news in the cryptocurrency space yesterday came when Binance
halting the entire Binance Smart Chain following an exploit. Initial reports claimed that the attacker managed to steal roughly $600 million worth of BNB.that the network has been resumed, the native token that supports it – BNB – has suffered the most from the larger-cap alts. The asset dropped from $293 to $278 minutes after the attack became public. Despite recovering some ground to $285 as of now, BNB is still 4% down on the day.
Most of the larger-cap alts are with slight losses as well. These include Ethereum, Ripple, Cardano, Solana, Dogecoin, Polkadot, and Shiba Inu.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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BNB Chain confirms BSC halt due to 'potential exploit'The BNB Chain has put a temporary pause on its network while it investigates a potential exploit of a reported two million BNB, worth nearly $600 million, but assures user funds are safe.
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BNB Chain resumes service after hacker siphons at least $100 millionHackers attempted to drain $560 million in BNB tokens overnight from the blockchain's bridge, with more than $100 million successfully siphoned to other chains.
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