How many BNB tokens were hacked?

The hackers were able to create 2 million BNB tokens out of thin air. The attacker was able to exploit a vulnerability in the Binance Bridge, and they sent themselves one million BNB tokens twice in a row. The hack happened because of a bug in the smart contract where hackers could forge transactions and transfer funds into their wallets.

Should BNB chain freeze hacked funds?

Moving forward, BNB Chain’s validators said they would hold a series of on-chain governance votes that would decide whether the hacked funds should be frozen, as well as whether a bug bounty reward system should be put in place to prevent future hacks.

Was Binance able to prevent a $570 million hack?

Zhao said the BNB Chain was able to prevent around 80% to 90% of the targeted funds from being taken by the hacker. Cryptocurrency exchange Binance is getting closer to figuring out the identity of a hacker that orchestrated a $570 million hack on its BNB blockchain, CEO Changpeng Zhao told CNBC Monday.

What happened to BNB chain?

Over the weekend, BNB Chain, a blockchain closely connected with crypto exchange Binance, was the latest victim in a hack that ultimately drained the ecosystem of $100 million in crypto. The exploit, however, could’ve been worse. “ [The] elephant in the room here is as these attacks become more sophisticated …