There has been an important development regarding the world’s largest cryptocurrency exchange Binance. Binance-owned blockchain network BNB Chain has been hacked. One or more of the unknown hackers managed to steal cryptocurrencies from Binance as a result of this cyber attack. While all transactions on BNB Chain are stopped, very serious claims are circulating about the amount of crypto money stolen.
Official statements on the subject were made from the official social media accounts of BNB Chain. In the first statement, it was stated that abnormal activities were detected on the network and therefore the network was stopped. In the second statement, the authorities who announced the cyber attack announced that all funds were safe. When we look at BNB Chain’s Twitter account, we see that the studies on the subject are still continuing and that updates have been made to BNB Chain so that the attacks can be repelled.
The size of the attack is thought to be 600 million dollars!
PeckShield, which does security and analysis studies on blockchain technologies, was one of the first names to announce the attack on Binance. PeckShield analysts, examining data on BscScan, which shows transaction records on Binance, detected the movement of 2 million BNB, worth around $586 million in the first stage. At the end of the process, information was shared that $ 600 million of crypto money may have been stolen. However, according to BNB Chain management, such is not the case. Binance announced that the attack size is in the range of $ 70-80 million. Only $ 7 million of the stolen crypto money could be frozen.
Let’s now take a closer look at the official statements on the subject:
BNB Chain acknowledged the cyberattack:
We detected a potential exploit and suspended the network. All systems are under control. We continue to investigate the vulnerability.
Official statement on stolen cryptocurrencies:
The amount of crypto money received from the network is around $ 70-80 million, according to initial estimates. 7 million dollars of this is frozen.
Update description from BNB Chain:
We have released our latest update for the BNB network. We want all developers to upgrade. This will stop hacker accounts.
Hack statement from Binance CEO CZ
Extra BNB was minted thanks to a vulnerability in the BSC Token Hub. We asked for the network to be suspended and everything is under control. We apologize for the inconvenience caused.
Here is the amount of cryptocurrency stolen, according to CZ:
According to our estimates, the attack size is around $100 million. This figure is about a quarter of the last BNB burn.
According to third parties, the size of the attack is around 600 million dollars:
There are two major reward claims on BNB Chain. There are two requests, 1 million BNB each, according to BscScan.
Studies on the subject continue. As official statements come, we will continue to keep you informed…
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