Leading crypto exchange records a cross-chain hack

Binance, the world’s leading cryptocurrency exchange has lost approximately $100 million in a cross-chain hack carried out earlier this week.

Binance loses $100 million in a cross chain hack

The world’s leading crypto exchange announced earlier this week that it experienced a BNB cross-chain bridge hack. Hackers attempted to siphon $560 million in BNB tokens overnight from the BSC Token Hub, BNBChain’s cross-chain bridge.

However, the attackers successfully drained around $100 million to $130 million from the network.

The BNBChain underwent maintenance for a few hours as the development team the bugs. Binance announced earlier today that the BNBChain is now running normally with the blockchain’s validators having re