Binances Crypto Dips on heels of Potential Exploit
Binances Crypto Dips on heels of Potential Exploit
- The first signs indicate that the Binance network was hacked for hundreds of millions of dollars
- According to an on-chain analysis by Blockworks' Research, the attacker or the attackers managed to produce a "bridge" for several other chains, including avalanches and polygon,
The native token of Binance to have been chopped for hundreds of millions of dollars for hundreds of millions, which the cryptocurrency exchange as " Potential exploit . "
Binance said on Twitter It had been traded in the single -digit area - in relatively short time. BNB fell by more than 3 % to $ 283 until 7:00 p.m.
All other user money is safe, said the stock exchange.
Twitter-user Being the approximately two million BNB-more than $ 566 million-identified that were transferred to a reference address of the attacker to date to bridge somewhere near $ 110 million.
In a follow-up tweet, Binance said that the initial estimates for the funds deducted from BSC were between $ 70 and $ 80 million
"Thanks to the community and our internal and external security partners, an estimated $ 7 million have already been frozen," tweeted Binance.
The wallet address, which was confirmed by Ryan West, an analyst of Blockworks ’Research, shows that the wallet is about $ 53 million of BNB on Ether (Eth) plus $ 48 million to the Fantom blockchain and additional funds on Avalanche, Optimism and Polygon protocols.
about $ 433 million, 80 % of the total, remained on the BNB Chain a few hours after the final bell of the Stock Exchange in New York said the blockchain analysis company Semorn to Blockworks.
It would be the second largest hack in the industry, according to which Axie Infinity Ronin Bridge-Exploit in March for $ 625 million.
representatives of Binance did not immediately answer a request for comment.
According to on-chain analysis, the attacker used the cross-chain-bridge protocol Sternentor to be transferred.
Binance said that it will temporarily pause his chain due to "irregular activities" and will soon provide further updates.
The same wallet is put on the black list by Tether Per West
This is a developing story. It is updated.
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The contribution Binance’s Crypto Dips on Heels of "Potential Exploit" is not a financial advice.
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