Hacker steals $570 million of crypto tokens from Binances BNB Chain

It’s been a rough year for cryptocurrency, and things are not looking any better after over half a billion dollars of cryptocurrency tokens were stolen from crypto giant Binance on Thursday night.

The exploit hit the Binance Bridge, a cross-chain bridge that allows for the transfer of tokens between two related blockchains operated by the Binance cryptocurrency exchange, and collectively known as BNB Chain. According to well-known smart contract analyst samczsun, the attacker was able to forge transactions that allowed them to withdraw two million BNB tokens from the bridge, worth roughly $570 million.

Funds estimated at around $87 million were removed from the BNB ecosystem entirely; but the remaining funds could not be immediately...

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