Oct 7, 2022

The BNB Smart Chain (BSC) resumed operations as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain.

Video transcript

The BNB Smart Chain (BSC) resumed operations as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain. Initial token movements suggested that up to two million BSC tokens, worth roughly $570 million, were targeted by an attacker late Thursday, but Binance CEO CZ Zhao estimated in a tweet that the attacker was only able to get away with $100 million of that. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.

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