Hackers steal around $100 million cryptocurrency from Binance-linked blockchain

Changpeng Zhao Binance Smart Chain India Binance

10.10.2022 - 08:39

Reading now: 480

economictimes.indiatimes.com:

Binance CEO Changpeng Zhao said in a tweet on Friday. Zhao said the tokens were stolen from a blockchain «bridge» used in the Binance-linked blockchain called BNB Chain, known as Binance Smart Chain until February. Blockchain bridges are tools used to transfer cryptocurrencies between different applications. Separately, BNB Chain said in a tweet that the hack involved $100 million to $110 million of digital tokens, without specifying which token was affected.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

View Details »

BNB Chain also said on Twitter its activity had been suspended before resuming at around 0630 GMT. Blockchain bridges have in recent month increasingly become the target of thefts, which have long plagued the crypto sector. On the Binance website, BNB Chain is described as a «community-driven, open-sourced and decentralized ecosystem».

Read more on economictimes.indiatimes.com

All news from economictimes.indiatimes.com

About this in other media

Celestia Foundation raises $55M for modular blockchain architecture cointelegraph.com /2 years ago

Major client demand the ‘tipping point' for BNY Mellon's crypto services cointelegraph.com /2 years ago

Shiba Inu Price Prediction as SHIB Trading Volume Blasts Past $100 Million cryptonews.com /2 years ago

The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.