![]() ![]() ![]() The incident is the latest in a series of attacks on cross-chain bridges. This delayed closure, but we were able to minimize the loss," the company says. "Decentralized chains are not designed to be stopped, but by contacting community validators one by one, we were able to stop the incident from spreading. It has 26 active validators, among a total of 44. The BSC Token Hub uses a consensus mechanism requiring multiple validators to approve transactions. The company says it "own(s) this " and upgraded the vulnerable contract to version v1.1.15 to "stop hacker accounts from acting." It did not specify how it will do so.įurther upgrades are expected, even as validators confirm their statuses in parallel, the company said around 7:00 a.m. Blockchain security firm CertiK pegged the number at $110.7 million as of early Friday morning. A Reddit post from the company says it froze $7 million of the stolen funds.īlockchain security firm PeckShield said on Thursday night that the attacker moved $89.5 million of the stolen funds off the Binance chain. Cross-chain bridges allow the transfer of crypto assets and information across blockchains.Ī "vast majority of the funds remain under control," the company says, without sharing further details. See Also: JavaScript and Blockchain: Technologies You Can't IgnoreīSC Token Hub is the native cross-chain bridge between Binance's BNB Beacon Chain and BNB Smart Chain. Cryptocurrency exchange Binance restored operations on its BSC Token Hub smart contract early Friday, hours after a hacker stole BNB Binance chain native tokens worth $568.6 million.
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