A spokesperson for Binance-backed blockchain BNB Chain estimated the incident involved US$100 million to US$110 million of digital tokens. At least $7 million of stolen funds has already been frozen, the spokesperson added. The bridge, BSC Token Hub, has been suspended.
An already bad year for cryptocurrencies took another turn for the worse after roughly US$100 million of Binance Coin was stolen in what appears to be the latest hack to hit digital assets.
An exploit occurred on a bridge between blockchains and the issue is “contained now,” Changpeng “CZ” Zhao, billionaire co-founder of Binance, the world’s biggest crypto exchange, said on Twitter on Friday.
