The work of one of the blockchain networks of the Binance exchange is suspended after a hacker attack

The work of one of the blockchain networks of the Binance exchange is suspended after a hacker attack


Today, October 7, the leading cryptocurrency exchange Binance suspended operation of one of its blockchain networks after a hacker attack. It is reported that the attack was carried out on a cross-chain bridge in the Binance Smart Chain (BSC) network. The attack resulted in the theft of $100-110 million worth of Binance tokens, BNB. “Malware code was detected in the BSC Token Hub cross-chain bridge for transactions with BNB tokens. We have asked all validators (blockchain platform participants responsible for verifying transactions) to temporarily stop working with Binance Smart Chain,” said Binance CEO Changpeng Zhao. “The problem has already been localized, we will provide more detailed information later.”

Binance launched the BSC blockchain network in 2019. The token on this network is the native BNB token, which can be traded or used in games and various applications.

Evgeniy Khvostik



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