Binance, the largest cryptocurrency exchange in terms of trading volume, came to the fore with the BNB Chain attack last week. Today, statements about the attack were made. On the other hand, while the amount of MATIC in the stock market decreased, new additions were made to the Convert platform. Here are the details…
Binance releases patch for BNB Chain
Binance developers released the temporary emergency patch v1.1.16 for BNB Smart Chain nodes on Tuesday. The patch fixes the infrastructure between Beacon Chain and Smart Chain. As we reported as Kriptokoin.com, the communication between the two chains was disabled after the $ 100 million BSC Token Hub exploit. In a tweet on October 11, Binance developers announced their temporary patch v1.1.16 to lighten the infrastructure between BNB Beacon Chain and BNB Smart Chain. The release will re-enable cross-chain communication.
The new BSC node client with urgent fixes is out: https://t.co/s1pjwK5GR8. @CoinbaseCloud, @Figment_io, @bscscan, @Nodereal_io, @TrustWallet, @bnb48club, @HashQuark, @InfStones, @ankr, @CertiK, @MathWallet, …
— V (@v_bnbchain) October 11, 2022
Also, version v1.1.16 is a hard fork for both testnet and mainnet. The Moran hard fork upgrade for the mainnet will take place on October 12 at 11 pm at block height of 22,107,423. Similarly, the hard fork upgrade for the testnet took place today at a block height of 23,603,940. The upgrade will fix vulnerabilities in IAVL hash checking. It will also present a block information in sequential auditing in CrossChain Contract. This will ensure that the transponder is whitelisted to begin with. Therefore, it is recommended that validators upgrade to v1.1.16 immediately.
196 million MATIC exits Binance
Whale Alerts informed the community earlier today about a major transaction involving 196 million MATICs. However, both crypto wallets were anonymous at the time Whale Alerts shared the information. Peck Shield, a leading blockchain security company, has revealed the mystery of the transaction to some extent. “196 million MATIC transactions transferred from Binance to Polygon (MATIC): PoS Staking Contract,” PeckShieldAlert said in a tweet.
https://twitter.com/PeckShieldAlert/status/1579726235315634177
A close look at the 0x933de9098f1611885489fb67a06e45eeca3df776c5d048b138da6c37981739e2 transaction hash in Etherscan confirms the accuracy of the transaction. The transaction involving 196 million MATIC ($158.5 million) took place on the morning of October 11. In general, the transfer of tokens to the Polygon Staking Contract address has put many people at ease. A total of 196 million staked MATIC tokens are considered as an indicator of investor confidence in the asset.
New addition to Convert platform
Finally, Binance announced that it has added Protos (PROS) to its Convert platform. This means users can now trade PROS for zero fees with BTC, BUSD, USDT and other tokens supported by Binance Convert. You have the chance to access the Convert platform by clicking on the “trade” section of the website. Then “convert” or “convert” option will welcome you.
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