Binance Halts $541 Million BNB Chain Hack in its Tracks

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• Binance has managed to halt a $541 million hack in its tracks
• Hackers targeted the BSC Token Hub bridge, freezing $430 million
• Such hacks typically originate from North Korea

Binance has managed to halt a $541 million hack on its BNB Chain by pausing the blockchain, trapping $430 million in stolen funds in the process. Following “irregular activity” on the chain last night, Binance froze the blockchain to assess what was happening and realised that a gargantuan exploit of its BSC Token Hub, a bridge to the BNB Chain, was taking place, with two million BNB tokens stolen among much else. In total, Binance estimates that some $100 million worth of coins were taken before the chain was stopped, preventing one of the biggest crypto hacks of all time.

Stolen Funds Quickly Frozen

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