Binance Says $100 Million of Crypto Produced Out of Thin Air by Hackers
The exploit seized upon by the hackers was apparently the link between BNB Beacon Chain, which uses the older, according to Zhao. Roughly $7 million of the“An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC.
The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly,” Zhao tweeted late Thursday.The Binance Smart Chain suspended transactions around 6:20 p.m. ET on Thursday and a solution to the problem was pushed out through
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance suffers BNB cross-chain bridge hack, exchange confirmsIn a developing story, millions of dollars in BNB were transferred by an unknown actor and utilized across a series of web3 lending protocols.
Read more »
Binance Smart Chain Halts Amid Fears of 'Potential Exploit' as BNB Token Sheds 4%UPDATE: BNB Chain says $70 to $80 million in crypto were moved off-chain. The Binance-linked blockchain remains offline as operators triage a 'potential exploit' that may have targeted millions of tokens.
Read more »
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.
Read more »
BNB Smart Chain Resumes Operations After $100M ExploitUPDATE: BNB Smart Chain resumed operations after chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain. By thesamreynolds
Read more »
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.
Read more »