BNB Chain Developers Restore Operation of Network After Suffering a $100M Hacker Attack

The BNB Chain team yesterday suspended the network after suffering a hacker attack on the BSC Token Hub bridge.

According to reports, although the hackers stole more than $544 million worth of digital assets, they only managed to withdraw only $100 million.

A Binance spokesman said on a Reddit post commenting the incident:

“The initial estimate of the funds withdrawn from BSC is between $100 million and $110 million. However, due to the actions of the community, as well as our internal and external security partners, about $7 million has already been frozen.”

BSC Token Hub is the internal cross-chain bridge of the BNB Chain ecosystem. It enables the transfer of tokens between the BNB Beacon Chain governance blockchain and the BNB Smart Chain (BSC) consensus layer.

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