On Friday, a blockchain “bridge” used in the BNB Chain linked to Binance, the world’s largest crypto exchange, has been hacked for $570 million.
The hacker had minted 2 million new BNB tokens, the world’s fifth-largest token, and then transferred it into other cryptocurrencies like Tether and USD Coin.
Binance CEO Changpeng Zhao said on Twitter that hackers stole around $100 million worth of crypto.
BNB Chain revealed in a blog post that a total of 2 million of the BNB cryptocurrency worth around $570 million was withdrawn by the hacker.
BNB Chain suspended its blockchain for several hours and contained the spread by contacting the blockchain’s validators. Operations resumed at around 0630 GMT.