Binance Bridge Hack, BNB Chain Live Updates
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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.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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