Scammers have stolen $100 million in cryptocurrency from Binance, the world's biggest exchange for cryptoassets, the firm said on Friday. | News24_Business
Company chief Changpeng Zhao wrote on Twitter that"an exploit" in the system led to extra production of the exchange's dedicated currency, adding:"The current impact estimate is around $100m."
Scammers are increasingly using weaknesses in"cross-chain bridges" -- the means used by investors to move assets from one blockchain to another. The exchange said on Reddit that the amount taken was between $100 and $110 million, adding that $7 million had already been recovered.
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