BNB token is strong

BNB Chain's bridge was hacked for $566 million late Thursday, resulting in the hacker escaping with over $110 million in crypto assets. Following the theft of exceeding $100 million worth of BNB Smart Chain (BSC) token by hackers, the largest crypto exchange Binance paused operations on the blockchain network for a short time. The crypto exchange said that a cross-chain bridge linking to its BNB Chain had been compromised, allowing thieves to steal BNB tokens from the network. However, the network has consequently resumed functioning, with little effect on the token's price. While $110 million is a nice payday for a few hours of effort, it is only a fraction of the entire scale of the scheme. According to on-chain statistics, the attacker began the sophisticated breach by tricking BNB Chain's BSC Token Hub bridge into delivering them two million BNB tokens worth around $566 million. Daily cryptonews Find more at https://blockchainfossils.com/ #shorts #bitcoinshorts #bitcoinnews