Binance-Linked Blockchain Hit by $570 Million Crypto Hack

[Epoch-Times-Bot]

Binance-Linked Blockchain Hit by $570 Million Crypto Hack

LONDON—A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year.
Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain “bridge” used in the BNB Chain, known until February as Binance Smart Chain.
Blockchain bridges are tools used to transfer cryptocurrencies between different applications. Criminals have increasingly targeted them, with some $2 billion stolen in 13 different hacks, mostly this year, researcher Chainalysis said in August.
The hackers stole around $100 million worth of crypto, Zhao said in his tweet. BNB Chain later said in a blog post that a total of 2 million of the BNB cryptocurrency—worth around $570 million— was withdrawn by the hacker....

Source: Binance-Linked Blockchain Hit by $570 Million Crypto Hack

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