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BNB
Binance Hackers 'Could Have Drawn More Funds' if They Were More Organized: Chief Communications Officer
Following the $100 million exploit of Binance's BNB Smart Chain, the company's Chief Communication Officer Patrick Hillmann says the hackers could eventually be traced back to a state actor supported by a foreign entity. He shares new details on what Binance has learned about the hack.
BNB Smart Chain Resumes Operations After Major Exploit, $100M in Crypto Drained
Initial token movements suggested that up to 2 million BSC tokens, worth roughly $570 million at the time, were targeted by an attacker late Thursday, but Binance CEO Changpeng Zhao estimated in a tweet the attacker was only able to get away with $100 million of that. BNB Chain also tweeted that $7 million of that amount was already frozen. "The Hash" discusses the implications of cross-chain security and decentralization, and what this suggests about the future of the crypto ecosystem.
BNB Smart Chain Resumes Operations After 'Potential Exploit' Drained Estimated $100M in Crypto
The BNB Smart Chain (BSC) resumed operations as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain. Initial token movements suggested that up to two million BSC tokens, worth roughly $570 million, were targeted by an attacker late Thursday, but Binance CEO CZ Zhao estimated in a tweet that the attacker was only able to get away with $100 million of that. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Defi Platform Exponential Raises $14M in Seed Funding Round Led by Paradigm
Exponential, a DeFi investment discovery and risk assessment platform, has raised $14 million in seed funding led by crypto-focused investment firm Paradigm. Exponential.fi Co-Founder & CEO Driss Benamour shares insights into the state of DeFi and the impact of BNB Chain's $100M cross-chain bridge exploit.
BNB Smart Chain Resumes Operations After $100M Exploit
A tweet from the official BNB chain Twitter account indicates the chain is back in operation after pushing out a software update to freeze hackers' accounts.
BNB Chain Halts After 'Potential Exploit' Drained Estimated $100M in Crypto
The chain has now resumed operations after fixing a problem that let someone create $570 million of the token, though they were only able to abscond with a smaller amount.
BNB Chain, Blockchain Security Firms Start AvengerDAO to Protect Users
AvengerDAO will be run by the community with the ambition to set an industry standard for safe practices.
Binance-Linked BNB Chain Partners With Google Cloud to Advance Web3, Blockchain Projects
BNB Chain, a blockchain closely linked to crypto exchange Binance, is working together with Google Cloud to support the growth of early-stage Web3 and blockchain startups. “The Hash” panel discusses the strategic collaboration and the potential outcomes.
BNB Chain, Google Cloud Team Up to Advance Growth of Web3 and Blockchain Projects
The strategic collaboration plans to offer foundational infrastructure, cloud-computing credits and mentorship to some Web3 and blockchain startups.
Crypto Exchange Binance to Issue 'Soulbound' Tokens to Users Who Complete Know-Your-Customer Checks
The tokens will allow users to participate in building projects on the BNB chain.
