Cryptocurrency exchange Binance temporarily suspended its blockchain network

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$570 million worth of Binance's BNB token taken in another major crypto hack. Here is Everything you wanted to know

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Binance said a cross-chain bridge relating to its BNB Chain was targeted, enabling hackers to relocate BNB tokens off the network.

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So-called cross-chain bridges are tools that permit the transfer of tokens from one blockchain to an additional.

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In total, hackers withdrew 2 million BNB tokens-- about $570 million at existing rates-- from BNB Chain said in a post on Friday.

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An earlier quote from the company put the complete amount taken out in a series of $100 million to $110 million.

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The value of BNB sank more than 3% Friday morning to $285.36 a coin, according to CoinMarketCap data.

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Binance is the world's biggest crypto exchange by trading volume.

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BNB Chain has since resumed operations.

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A total of around $1.4 billion has actually been shed to violations on cross-chain bridges given that the beginning of 2022,......

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according to data from blockchain analytics firm Chainalysis.

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Everything You Wanted to Know about Cryptocurrency, Before Invest

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References:- 1. cnbc.com 2. cointelegraph.com 3. coingape.com

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Cryptocurrency exchange Binance temporarily suspended its blockchain network

Hope You Will Get Information as You Wish and Enjoy This Web Story

Hope You Will Get Information as You Wish and Enjoy This Web Story

$570 million worth of Binance's BNB token taken in another major crypto hack. Here is Everything you wanted to know

$570 million worth of Binance's BNB token taken in another major crypto hack. Here is Everything you wanted to know

Photo Credit: cointelegraph.com

Binance said a cross-chain bridge relating to its BNB Chain was targeted, enabling hackers to relocate BNB tokens off the network.

Binance said a cross-chain bridge relating to its BNB Chain was targeted, enabling hackers to relocate BNB tokens off the network.

Photo Credit: cointelegraph.com

So-called cross-chain bridges are tools that permit the transfer of tokens from one blockchain to an additional.

So-called cross-chain bridges are tools that permit the transfer of tokens from one blockchain to an additional.

Photo Credit: cointelegraph.com

In total, hackers withdrew 2 million BNB tokens-- about $570 million at existing rates-- from BNB Chain said in a post on Friday.

In total, hackers withdrew 2 million BNB tokens-- about $570 million at existing rates-- from BNB Chain said in a post on Friday.

Photo Credit: cointelegraph.com

An earlier quote from the company put the complete amount taken out in a series of $100 million to $110 million.

An earlier quote from the company put the complete amount taken out in a series of $100 million to $110 million.

Photo Credit: coingape.com

The value of BNB sank more than 3% Friday morning to $285.36 a coin, according to CoinMarketCap data.

The value of BNB sank more than 3% Friday morning to $285.36 a coin, according to CoinMarketCap data.

Photo Credit: coingape.com

Binance is the world's biggest crypto exchange by trading volume.

Binance is the world's biggest crypto exchange by trading volume.

Photo Credit: coingape.com

BNB Chain has since resumed operations.

BNB Chain has since resumed operations.

Photo Credit: coingape.com

A total of around $1.4 billion has actually been shed to violations on cross-chain bridges given that the beginning of 2022,......

A total of around $1.4 billion has actually been shed to violations on cross-chain bridges given that the beginning of 2022,......

Photo Credit: coingape.com

according to data from blockchain analytics firm Chainalysis.

according to data from blockchain analytics firm Chainalysis.

Photo Credit: coingape.com

Everything You Wanted to Know about Cryptocurrency, Before Invest

Everything You Wanted to Know about Cryptocurrency, Before Invest

Photo Credit: coingape.com

References:- 1. cnbc.com 2. cointelegraph.com 3. coingape.com

References:- 1. cnbc.com 2. cointelegraph.com 3. coingape.com

Photo Credit: coingape.com