BNB hack drained $100 million in crypto assets – Katoch Tubes

BNB Chain halted  after the hack

About BNB Chain

BNB chain is a decentralized blockchain by Binance. It runs dapps & perform smart contracts computations like Ethereum at lower gas fees

About BNB Hack

BNB chain has suffered potential exploit. The hacker moved over $100 million  worth of crypto assets  off-chain.

Statement from CZ

ChengPeng Zhao in a tweet stated that bnb hack was exploited on a cross-chain bridge, BSC Token Hub. The funds are safe.

Immediate action taken

Binance has asked all the validators to suspend Binance Smart Chain. BNB chain is offline at the time  of  writing this post.

Address blacklisted

Tether, the largest stablecoin provider has already blacklisted the hacker address.

When will the service resume

The services are resumed after brief checks. Users can now transact on the chain.

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