Binance Bridge Hack, BNB Chain Live Updates

In yet another incident of crypto exploit, the news of Binance Bridge Hack broke few hours after the incident took place early on Friday. The Binance smart chain (BSC) network was temporarily suspended after an exploit was found on on a cross-chain bridge, the BSC Token Hub. The exploit, which according to the BSC team is not contained, resulted in extra BNB. BSC said an estimated $100 million to $110 million were initially understood to be taken off the chain. However, an estimated $7M has already been frozen, it added.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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