hacking of the world’s largest cryptocurrency exchange; $570 million in BNB tokens were stolen

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Hacking of the world’s largest cryptocurrency exchange That is, Binance leads to Theft of $570 million in BNB tokens has been

According to the announcement of the big exchange Binance, hackers 570 million dollars of digital currency BNB which was issued and kept by this exchange was stolen. According to the reports of security experts, this cyber attack happened last night through one of the blockchain bridges of this exchange and now the problems have been resolved.

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Hacking of the world’s largest cryptocurrency exchange

Binance in response to CNBC Said that as a result of this hack, a Cross chain bridge has been attacked and this has caused hackers to be able to BNB tokens remove from the network. Cross-chain bridges are tools to allow the transfer of tokens from one blockchain to another.

Binance has announced that it is working with transaction validators to stop the creation of new blocks on the bridge and has suspended transaction processing until a team of developers fixes the flaw. Chang Peng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange by trading volume, wrote in his new tweet:

“An exploit in the cross-chain bridge of the BSC Token Hub has resulted in excessive BNB. “We have asked all lenders to suspend BSC temporarily.”

hacking of the world's largest cryptocurrency exchange;  $570 million in BNB tokens were stolen

Of course, the issue has now been resolved and the BNB chain has since resumed operations. the chain Binance BNB In his blog post, he announced that the hackers have stolen a total of 2 million native tokens of the network, which is equivalent to 570 million dollars at the current price.

The post also states that the breach was carried out “through sophisticated forgery of low-level credentials in a shared collection.”

Binance chain It was first launched in 2019 by this exchange. Like other blockchain networks, this chain has its own native token called BNB, which can be traded or used in games and other applications.

According to data from blockchain analysis firm Chainalysis, since the beginning of 2022, a total of about $1.4 billion in cryptocurrency has been stolen by hackers due to cross-chain bridge breaches.

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