CryptoDiffer, which provides data on cryptocurrencies, shared that ATOM, TRX and LUNA are among the trending altcoins on Binance this week.
Binance users are most searching for these altcoins
This week, the cryptocurrency market has been on the decline following higher-than-expected US inflation data. Interestingly, however, prices are returning to close the day with profits despite the market reacting negatively to a high CPI pressure. For this reason, while the eyes have been turned to Bitcoin in recent days, we see that the leading cryptocurrency is in the first place in Binance searches. Following Binance’s cryptocurrency BNB, here is the list of the most sought-after cryptocurrencies this week:
- BNB Coin (BNB)
- Bitcoin (BTC)
- Ethereum (ETH)
- Terra Classic (LUNC)
- Left (LEFT)
- Shiba Inu (SHIB)
- Cardano (ADA)
- Polygon (MATIC)
- Tron (TRX)
- Polkadot (DOT)
- MDX (MDX)
- Near (NEAR)
- Cosmos (ATOM)
- Dogecoin (DOGE)
- Terra (Luna)
https://twitter.com/CryptoDiffer/status/1580845845418627073
The most important news of the week was the BNB Chain hack: ATOM secures itself
Cosmos now wants to make sure their systems don’t suffer the same fate as BNB Chain, which lost $100 million in a hacker attack last week. On October 13, Ethan Buchman, co-founder of the Cosmos IBC ecosystem, exposed a major security vulnerability that affects all Cosmos networks that use IBC, regardless of the version of IBC they use. The Inter-Blockchain Communication protocol allows users to seamlessly switch from one Cosmos network to another.
We must all take security seriously. If you find a potential vulnerability, please disclose it responsibly: https://t.co/qrPdINGChu. And if you can contribute to improving the software and protocols, we invite you to do so!
— Ethan Buchman (@buchmanster) October 8, 2022
Meanwhile, the Cosmos co-founder said the issue has now been resolved with a patch that will be deployed to all compromised networks. Developers and validators were given exclusive access to the patch before the security threat was announced. One-third of the voting power of a blockchain should be patched to avoid the vulnerability.
BNB Chain event
As we quoted as Kriptokoin.com, BNB Chain was the latest victim of an attack that consumed the $100 million crypto ecosystem last week. But the result could have been even worse. While the hackers took about $100 million, potentially $570 million was at stake. The cyberattack affected the protocol’s own bridge between BEP2 and BEP20, called the “BSC Token Hub”. It has been confirmed that the withdrawn amount is 2 million BNB.
Binance then started voting to decide whether to freeze the hacked funds. Using the automatic BNB burn function to compensate for the amount stolen will also be considered. The BNB Chain team will also vote on some measures to close security disclosures. Among them is the white hat hacker program that will reward major mistakes with $1 million.
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