After hackers stole roughly $570 million in BNB, cryptocurrency exchange Binance has temporarily stopped its blockchain network.
The largest cryptocurrency exchange in the world, Binance, experienced a cyberattack that cost them $570 million. However, according to Forbes, some of the stolen BNB tokens, worth around $100 million, were eventually recovered.
The BNP-Chain bridge, over which BNP is transferred, has been attacked, according to Binance’s late-night statement on Thursday. Such bridges are frequently used to transfer cryptocurrency between various apps.
By trading volume, Binance is the biggest cryptocurrency exchange on the planet.
“The problem has been resolved. Your cash is secure. We apologise for the inconvenience and promise to keep you informed “CEO of the business Shanping Zhao stated in a tweet.
Thanks. https://t.
co/bPdRInhLsm
Later, the business explained that hackers had stolen two million BNB cryptocurrency, totaling around $570 million.
The cryptocurrency BNB, formerly known as Binance Coin, which has a market capitalization of around $45.6 billion, according to information from Coinmarketcap, is the foundation of BNB Chain.
The BNB coin fell 4.5% during the previous 24 hours on Friday to reach $282.53.
Source: organisations.
The largest cryptocurrency exchange in the world was the victim of a $570 million attack.
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