NewsletterBinance Bridge Hack, BNB Chain Live Updates
In yet another incident of crypto exploit, the news of Binance Bridge Hack broke few hours after the incident took place early on Friday. The Binance smart chain (BSC) network was temporarily suspended after an exploit was found on on a cross-chain bridge, the BSC Token Hub. The exploit, which according to the BSC team is not contained, resulted in extra BNB. BSC said an estimated $100 million to $110 million were initially understood to be taken off the chain. However, an estimated $7M has already been frozen, it added.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: U.S. House To Vote On Bill To End Government Shutdown Today, Bitcoin Rises
- PrimeXBT: The Everything Trading Platform for Crypto and Traditional Investors
- Bitget’s ‘GetAgent’ Lets Users Talk to Satoshi, and 30,000 Questions Flood In
- Bybit Sounds Alarm on BNB Chain, Aptos, and Sui’s Power to Freeze Funds
- Breaking: USDC Issuer Circle Explores Native Token for Arc Network
- When Will Solana Price Reach $300: Prediction and Analysis
- Chainlink Price Targets $20 After Bitwise ETF Gets DTCC Approval
- Ethereum Price Outlook as Whales and Institutions Boost Holdings — Can ETH Reclaim $4K Before Year-End?
- Can Dogecoin Price Hold Above $0.17 Amid Weekly Surge?
- Chainlink Price Could Crash as 3 Risky Patterns Form Amid Whale Selling
- Cardano Price Could Reclaim $0.7 After Key Stakeholders Add $204M in ADA
