“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?