Binance Hacked $100 Million Cryptocurrency, CEO Says It Can Handle
Binance Hacked $100 Million Cryptocurrency, CEO Says It Can Handle
Zhao Changpeng, CEO of Binance which is the largest cryptocurrency trading platform in the world. It confirmed via Twitter today (Oct. 6) that over $100 million worth of crypto coins have been hijacked from Binance’s crypto-blockchain BNB Chain.
Mr. Zhao revealed that The espionage takes place on a bridge that connects the different blockchains, but Binance is now in control of the situation. A spokesman for BNB Chain estimates the damage caused by the espionage is between $100 and $110 million. At least $7 million has been frozen. And Binance has decided to temporarily suspend the BSC Token Hub bridge.
Mr. Zhao also said that The Binance Business Ecosystem, or BNB Chain Ecosystem, is one of the most modern. And Binance will compensate all the money that the hackers have stolen. Bloomberg News reports that BNB Chain is collaborating with security service agencies. to freeze stolen crypto coins Meanwhile, Binance Coin (BNB) shares fell 3.3 percent today and were trading around $285 this morning on the Tokyo market.
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