BNB Chain Back Online Following $568 Million Exploit
Source: Adobe BNB Chain, the native blockchain behind the Binance crypto exchange, has come back online after being suspended due to an exploit that drained around $600 million in crypto assets . On October 6, Binance announced the suspension  ;of deposits and withdrawals from its BNB chain after it identified that a hacker transferred approximately 2 million BNB tokens, worth around $590 million, to a now-blacklisted wallet. In a Reddit post, the Binance team said an exploit of the cross-chain bridge BSC Token Hub resulted in extra BNB, adding that they asked validators to temporarily suspend BNB Smart Chain (BSC). "The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly. The Community has already played a pivotal role in assisting and helping freeze any transfers. All funds are safe," the report read. Shortly after the suspension, the blockchain reported that ...