$100 million worth of Binance Coin Stolen In Latest Exploit, Here’s All Details

In the latest development, Binance Coin (BNB) the native cryptocurrency of the Binance blockchain faced a major exploit with hackers stealing $100 million worth of BNB tokens. The exploit occurred on a cross-chain bridge BSC Token Hub.

This is the cross-chain bridge connecting BNB Beacon Chain (BEP2) and BNB Chain (BEP20 or BSC). A few hours ago, Binance chief Changpeng Zhao tweeted that the issue has been “contained now”. On his Twitter handle, CZ wrote:

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.

One of the spokespersons of BNB Chain, the Binance-backed blockchain stated