• Binance hacked. $570 million worth of Binance’s BNB token stolen

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    https://www.cnbc.com/2022/10/07/more-than-100-million-worth-of-binances-bnb-token-stolen-in-another-major-crypto-hack.html

    Binance said a cross-chain bridge linking with its BNB Chain was targeted, enabling hackers to move BNB tokens off the network.

    In total, hackers withdrew 2 million BNB tokens — about $570 million at current prices — from BNB Chain said in a blog post on Friday.

    An earlier estimate from the company placed the total amount withdrawn in a range of $100 million to $110 million.

    The value of BNB sank more than 3% Friday morning to $285.36 a coin, according to CoinMarketCap data.

    Cryptocurrency exchange Binance temporarily suspended its blockchain network after hackers made off with around $570 million worth of its BNB token…

    A total of around $1.4 billion has been lost to breaches on cross-chain bridges since the start of 2022, according to data from blockchain analytics firm Chainalysis…

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