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Fresh Off The Block: Binance's BNB Chain to share details of token exploit and more

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Fresh Off The Block: Binance's BNB Chain to share details of token exploit and more
Photo: Bloomberg
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Crypto exchange Binance’s blockchain network BNB Chain will “openly share” the details of the postmortem as well as lessons on how to implement more advanced security measures to shore-up vulnerabilities, following its 2 mil BNB coins exploit worth US$560 million ($800 million).

On Oct 7, the company discovered an exploit which affected the native cross-chain bridge (tools used to transfer cryptos between different applications) between the BNB Beacon Chain and BNB Smart Chain. However, it said the majority of the funds remain under control.

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