The Mindful Degens

What’s Going On In Web3 | October 7, 2022

Binance Smart Chain Gets Hacked, Losses 100MLast night the Binance Smart Chain was hacked and the attacker was able to make off with around $100M USD worth of cryptocurrency. The exploit took advantage of the “BSC Token Hub” which is the native cross-chain bridge between BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20 or BSC). Through a series of tweets, CZ (Changpeng Zhao) - the CEO of Binance, announced the initial situation. After the problem was resolved Binance released a community up...