Binance Blockchain’s native cryptocurrency Binance Coin (BNB)as a result of hacker attack 100 million dollars He was in for a shock when he stole the BNB token worth. The attack in question is a bridge between chains. BSC Token Huboccurred in.
$100 Million Value of Binance Coin (BNB) Stolen from Latest Vulnerability
The bridge in question BNB Beacon Chain (BEP2) and BNB Chain (BEP20 or BSC) It is a bridge between chains that connects them. A few hours ago, Binance CEO Changpeng Zhaotweeted that the problem is “now under control”. CZ wrote on his Twitter account:
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.
— CZ 🔶 Binance (@cz_binance) October 6, 2022
A vulnerability on BSC Token Hub, a cross-chain bridge, resulted in extra BNB. We have asked all validators to temporarily suspend the BSC. The problem is now under control. Your money is safe. We apologize for the inconvenience and will provide further updates accordingly.
A spokesperson for Binance-backed Blockchain BNB Chain stated that the incident involved the theft of $100 million to $110 million worth of digital assets.
Cross-network bridges have been a common point of attack for hackers. These are basically platforms that enable tokens to be transferred between Blockchains.
Interestingly, Binance CEO said that they will make up for all lost funds. “Most likely, Binance will cover any funds the hackers get,” he added.
According to the last minute statement, the BNB network, which was stopped after the attack, has been activated again and there is no problem for now.
📢BNB Smart Chain (BSC) is running ok from 20+ mins ago.
The validators are confirming their status and the community infrastructure are upgrading as well.
— BNB Chain (@BNBCHAIN) October 7, 2022
*Not investment advice.
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