BNB Chain Developers Restore Operation of Network After Suffering a $100M Hacker Attack

The BNB Chain team yesterday suspended the network after suffering a hacker attack on the BSC Token Hub bridge.

According to reports, although the hackers stole more than $544 million worth of digital assets, they only managed to withdraw only $100 million.

A Binance spokesman said on a Reddit post commenting the incident:

“The initial estimate of the funds withdrawn from BSC is between $100 million and $110 million. However, due to the actions of the community, as well as our internal and external security partners, about $7 million has already been frozen.”

BSC Token Hub is the internal cross-chain bridge of the BNB Chain ecosystem. It enables the transfer of tokens between the BNB Beacon Chain governance blockchain and the BNB Smart Chain (BSC) consensus layer.

staff

staff
yourcryptostop.com