Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4% – Bitcoin News

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Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4% – Bitcoin News
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Sources say that more than $600 million in BNB tokens were reportedly stolen from the chain’s cross-chain bridge.

Through the official Bnb Smart Chain Twitter account, the team announced the chain pause. “Due to irregular activity, we’re temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here. Thank you for your patience and understanding,” the accountTo confirm, we have suspended BSC after having determined a potential exploit. All systems are now contained, and we are immediately investigating the potential vulnerability.

At the time of writing, there’s a lot of speculation surrounding the attack. “Before the hack, the Bnb bridge exploiter registered as a relayer for this bridge,” one person

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