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BNB network on standstill amid $100M exploit – Everything unheard
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ambcrypto.comBinance CEO, Changpeng Zhao (CZ), confirmed that the BNB chain was suspending transactions at 11:51 pm UTC on 6 October. According to the crypto exchange chief, the decision was necessary following a $100 million exploit within the network.
CZ had also added that the lost assets represented a quarter of the last BNB burn.
<p lang=«en» dir=«ltr» xml:lang=«en»>An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC. The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly.— CZ
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