Binance-Linked Blockchain Hit By $570 Million Crypto Hack
NDTV
Binance said that a total of 2 million of the cryptocurrency BNB - worth around $570 million - was withdrawn by the hacker.
A blockchain linked to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year.
Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain "bridge" used in the BNB Chain, which was known as Binance Smart Chain until February. Blockchain bridges are tools used to transfer cryptocurrencies between different applications.
Zhao said the hackers stole around $100 million worth of crypto. BNB Chain later said in a blog post that a total of 2 million of the cryptocurrency BNB - worth around $570 million - was withdrawn by the hacker.
The Binance spokesperson said in emailed comments that "the majority" of the BNB remained in the hacker's digital wallet address, while about $100 million worth was "unrecovered".
