A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
49754 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
49754 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
Relevant
Hot
New
Spam
Relevant
Hot
New
Spam
96
56.9K
96
56.9K
"Over half a billion stolen from the BNB bridge. If a chain can be stopped and started at a moment's notice, can it really be considered decentralized?"
"Over half a billion stolen from the BNB bridge. If a chain can be stopped and started at a moment's notice, can it really be considered decentralized?"
“Have you tried turning it off and on again?” 2M BNB stolen in a hack as complex as Binance’s naming system. BSC Token Hub, the BNB bridge between the old Binance Beacon Chain and BSC, now BNB Chain… was exploited into minting two lots of 1M BNB directly to the hacker’s address. With a BNB price of $293 at the time of the hack, the stolen 2M BNB amounts to $586M ([#3](/crypto/new/3) on the leaderboard). However, the hacker managed to escape to other chains with just $127M before losing access to the rest of the funds. After noticing the “irregular activity”, DeFi’s 3rd largest L1 was paused for ~8 hours. However, what of all the users unable to access their own funds?
“Have you tried turning it off and on again?” 2M BNB stolen in a hack as complex as Binance’s naming system. BSC Token Hub, the BNB bridge between the old Binance Beacon Chain and BSC, now BNB Chain… was exploited into minting two lots of 1M BNB directly to the hacker’s address. With a BNB price of $293 at the time of the hack, the stolen 2M BNB amounts to $586M ([#3](/crypto/new/3) on the leaderboard). However, the hacker managed to escape to other chains with just $127M before losing access to the rest of the funds. After noticing the “irregular activity”, DeFi’s 3rd largest L1 was paused for ~8 hours. However, what of all the users unable to access their own funds?
Some low-ranking comments may have been hidden.
Some low-ranking comments may have been hidden.