Post
Topic
Board Altcoin Discussion
Re: BNB Blockchain hack!
by
cabron
on 07/10/2022, 15:26:57 UTC
It happened unexpectedly. But then it happened.

https://cryptopotato.com/heres-how-the-multi-million-bnb-chain-hack-went-down-paradigm-researcher/

One thing I know for sure is that, the Security architecture of BNB Blockchain has improved following it's hack.
This is not a blockchain problem, one of the bridges in the Binance smartchain ecosystem was hacked, so CZ decided to suspend transactions in the ecosystem to prevent the hacker from doing more harm to other projects.
Temporary Pause of BSC
https://www.reddit.com/r/bnbchainofficial/comments/xxjkpy/temporary_pause_of_bsc/

So much for decentralization. Its not that I'm happy BSC was hacked but a CEO pausing his blockchain doesn't sound really cool all because they were hacked. Is he going to let everyone suffer not to make transaction?

Tether also froze 6.5M USDT that was associated with this attack. They are probably tracing all these tokens to be recovered, kinda like a dragnet.