Binance says 2M BNB, worth ~$570M, were stolen from its BNB Chain in an exploit; “majority” of BNB are in the hacker's wallet, ~$100M worth were “unrecovered”
Then It Got Complicated The Guardian : World's largest crypto exchange hacked with possible losses of $500m Ephrat Livni / New York Times : Binance Blockchain Hit by $570 Million Hack, Exposing Crypto Vulnerabilities Charles Thuo / CoinJournal : Binance to spend over $1B on investments by end of 2022, CEO says Pandaily : Binance's BNB Chain Resumes Activity after Exploit Drained $100M Cynthia Brumfield / Metacurity : Binance Halts BNC Chain After a Hacker Stole Up to Possibly $600 Million Srikanth Alva / Subtle_Crypto : $100 Million BNB Chain Exploit - How it happened. Coinmonks : Scathing community criticism is directed at the Binance Smart Chain Daryna Antoniuk / The Record : Hackers steal at least $100 million from Binance-linked blockchain Paul Brabus / NullTX : Cryptocurrency Bearish Correction Sees BTC Drop Below $20K Today Following the Binance Bridge Exploit, ETH Holds Over $1,300 Pierluigi Paganini / Security Affairs : Hacker stole $566 million worth of Binance Coins from Binance Bridge Victor Bassey / Victor's Thoughts : Binance Bridge Hack Matt Novak / Gizmodo : Binance Says $100 Million of Crypto Produced Out of Thin Air by Hackers Lawrence Abrams / BleepingComputer : Hacker steals $566 million worth of crypto from Binance Bridge Gwinnart Kongphet / Inside Bitcoins : $570 million cryptocurrency attack targets blockchain connected to Binance Jennifer Korn / CNN : Binance-linked blockchain hit by $570 million crypto theft Ben Strack / Blockworks : After BNB Chain Hack, Operators Must Face Question of Decentralization Jorge Jimenez / PC Gamer : More than half a billion dollars stolen from world's largest crypto exchange Sam Reynolds / CoinDesk : BNB Smart Chain Resumes Operations After $100M Exploit Vicky Ge Huang / Wall Street Journal : Binance Estimates $100 Million Was Stolen in Blockchain Hack Mandy Williams / CryptoPotato : BNB Chain to Conduct Governance Votes on What to Do With the Stolen Funds Thomas Claburn / The Register : Binance robbed of $600 million in crypto-tokens Francisco Pires / Tom's Hardware : Binance Loses $110 Million In Latest High-Profile Crypto Hack Rhodilee Jean Dolor / The Daily Hodl : Binance CEO Changpeng Zhao Speaks on State of Binance Smart Chain After $564,000,000 Cross-Bridge Exploit Usman Qureshi / iPhone in Canada Blog : Hackers Steal $570 Million Worth of Binance's BNB Tokens Ryan Browne / NBC News : Crypto exchange Binance suffers $570 million hack Jeremy Nation / The Block : Binance confirms BNB cross-chain bridge hack Rashmi Ramesh / PaymentSecurity.io : Binance Restores Cross-Chain Bridge After $569M Attack Connie Lin / Fast Company : Binance hack underscores how cross-chain bridges are a weak point in blockchain security Best Owie / NewsBTC : Binance Hacker Put Millions Of New BNB In Circulation, What Does This Mean For Price? Maria Deutscher / SiliconANGLE : Hackers steal $570M in cryptocurrency from Binance's BNB Chain Claudia Glover / Tech Monitor : Binance loses cryptocurrency worth $570m in cyberattack on coin bridge PYMNTS.com : What Are Cross-Chain Transactions and Why Are They Being Hacked? Luc Olinga / TheStreet : Crypto: Hacker Steals Nearly $600 Million from Biggest Platform Daami PK / Crypto Adventure : Binance Resumes Operations After Major Cross-Chain Breach WRAL TechWire : World's largest cryptocurrency exchange is hacked; losses could top $100M Jeff John Roberts / Fortune : Binance got hacked. Now what? Protos : Explained: How $600M was stolen from Binance's BNB chain Chris Williams / Crypto Briefing : BNB Chain's $566M Hack: Binance Network's Major Bridge Attack Unpacked TechRadar : Binance says at least $100 million stolen in blockchain attack Jordan Major / Finbold : Binance CEO says BNB community is ‘extremely strong’ as token dips less than 5% after hack Elizabeth Howcroft / Reuters : Blockchain linked to Binance hit by $570m crypto hack Ashish Kumar / CoinGape : BNB Chain Drops This Big Announcement After Major Exploit Brenda Ngari / ZyCrypto : BNB Chain Suffers Hack, $100 Million In Crypto Drained Delma Wilson / Coinpedia Fintech News : After the $600 Million BNB Hack, Ethereum Experiences Rug Pull Attacks Liam ‘Akiba’ Wright / CryptoSlate : $590M BNB moved to Tether-blacklisted wallet amid rumors of Binance hack Carly Page / TechCrunch : Binance hit by $100 million blockchain bridge hack JD Alois / Crowdfund Insider : Binance: BNB Smart Chain Paused After Potential Exploit Nica Osorio / International Business Times : CZ Says ‘Issue Contained Now’ After $100M Exploit Halts Binance Smart Chain Ana Nicenko / Finbold : BNB Chain resumes operations after $100-million hack - here's what happened Ionut Arghire / SecurityWeek : Binance Bridge Hit by $560 Million Hack Florence Muchai / Cryptopolitan : BNB Chain $100M hack adds trouble to the embattled crypto industry Bat Tai Chi / Coinmonks : All Been Crypto — Week 7 Oct 2022 PYMNTS.com : Binance Back in Action Following $100M Cross-Chain Bridge Hack Jaroslaw Adamowski / Cryptonews : Binance BNB Chain Impacted By Potential $566 Million Exploit Timmy Shen / Forkast : BNB Chain back online after around $100 mln lost in possible exploit Aaron Limbu / Blockchain News : Another Major Crypto Hack as $100M BNB Stolen Vishal Chawla / The Block : BNB Chain governance to decide what will happen to hacked funds Corin Faife / The Verge : Hacker steals $570 million of crypto tokens from Binance's BNB Chain Vince Dioquino / Crypto Daily : BNB Chain Suffers Exploit, $570 Million In Assets Lost Ifeanyi Egede / crypto.news : BSC Paused on Possible Binance Bridge Exploit Phil Muncaster / Infosecurity : Hacker Steals Over $570m from Binance Bridge Jon Southurst / CoinGeek : Binance suspends BNB Chain after hacker creates millions of dollars in new coins Dan Ashmore / CoinJournal : Binance hack incident highlights dangers of decentralisation Mayowa Adebajo / Coinspeaker : Binance Smart Chain Loses $100 Million Worth of Crypto to Fresh Exploit, BNB Token Price Falls Chayanika Deka / CryptoPotato : Here's How the Multi-Million BNB Chain Hack Went Down: Paradigm Researcher Ananya Bhattacharya / Quartz : The $100 million Binance heist highlights once again crypto bridges' vulnerabilities Juhi Mirza / Ethereum World News : BNB Chain Resumes Operations Following The Massive $100M Exploit Finextra : Binance resumes operations after $100m crypto hack Eduardo Próspero / Bitcoinist.com : Don't Call It A Hack: Crypto Reacts To The Binance Smart Chain Exploit And Halt Financial Times : Binance blockchain suffers $570mn hack Mariella Moon / Engadget : Binance forced to briefly halt transactions following $100 million blockchain hack Zi Wang / Decrypt : BNB Chain Resumes Activity After 2 Million Token Exploit Taylor Locke / Fortune : ‘The issue is contained now’: CZ responds after $100M exploit halts Binance Smart Chain Nickie Louise / Tech News : Hackers stole $570 million from Binance's BNB Chain in one of the largest crypto hacks Roberto Nickson / This Week in Web3 : This Week in Web3: Kim Kardashian Fined by SEC, Monster Hack, OpenSea, Uniswap & More. Stan Schroeder / Mashable : Binance's BNB cryptocurrency hit by massive $100 million hack Taylor Scott / NewsBTC : BNB Chain Halts Operations Following Massive Exploit Jason Nelson / Decrypt : Binance Smart Chain Halted Over ‘Potential Exploit’ Molly White / Web3 is going just great : Binance Smart Chain halts after $100+ million bridge exploit Rashmi Ramesh / BankInfoSecurity.com : Hacker Exploits Bug to Steal Millions From Binance Bridge MexicaNFT / The MexicaNFTimes : Binance Smart Chain Halts After ‘Potential Exploit’ Drains Estimated $100M in Crypto Sebastian Sinclair / Blockworks : Binance's Crypto Dips on Heels of Confirmed Exploit on BNB Chain Miguel Cordon / Tech in Asia : Binance pauses blockchain to investigate potential $110m exploit Qadir AK / Coinpedia Fintech News : Binance Smart Chain Exploited by Hackers Bhushan Akolkar / CoinGape : $100 million worth of Binance Coin Stolen In Latest Exploit, Here's All Details Yun-Fang Juan / The Great Reset Diary 2022 : 10/6/2022: $500M+ was Stolen on BSC Jamie Redman / Bitcoin News : Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4% Bloomberg : A $568 Million Hack of Binance Coin Roils Crypto Sector Anew CoinDesk : Binance Smart Chain suspends transactions due to a bridge exploit, estimating that $100M to $110M in assets were moved off chain, of which $7M has been frozen Web3 is going just great : Binance Smart Chain halts after $127 million bridge exploit Jesse Coghlan / Cointelegraph : BNB Chain suspends network following $100M cross-chain bridge exploit Tweets: @bnbchain : Due to irregular activity we're temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here. Thank you for your patience and understanding. @samczsun : Five hours ago, an attacker stole 2 million BNB (~$566M USD) from the Binance Bridge. During that time, I've been working closely with multiple parties to triage and resolve this issue. Here's how it all went down. https://twitter.com/... @cz_binance : An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC. The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly. @0xfoobar : somebody on BNB just got hacked for ~2 million BNB ($600 million USD) the attacker is spewing funds across liquidity pools and utilizing every bridge they can to get to safer chains complete chaos on the chain @bnbchain : Initial estimates for funds taken off BSC are between $70M - $80M. However, thanks to the community and our internal and external security partners, an estimated $7M has already been frozen 1/2 @cz_binance : Agreed. I was impressed by the quick actions the @BNBChain team took. I am not that involved in the technical side of BNB Chain. Far less than Vitalik with ETH. The principles of issue handling are simple & important: fast, transparent & responsible. 👏 https://twitter.com/... @therealhoarse : Well, sure, $570 million sounds like a lot of real money to lose on a pretend money that's only valuable only to tax evaders, smugglers and crooks but... but... There is no but. Crypto is an intelligence test. Own it? You failed. https://twitter.com/... Clint Watts / @selectedwisdom : Fascinating to watch how what I was briefed for years, the advantages of crypto currency (transparency, security, etc), have turned out to be untrue and a weakness. https://twitter.com/... Tariq Panja / @tariqpanja : Didn't they say these crypto things are more secure than traditional currencies because of all that crypto technology, alphablock chains and whatnot? Who needs regulated currency, right? 🙄 https://twitter.com/... Laurie Voss / @seldo : “We were able to stop this attack on our secure, decentralized platform because although it's not actually secure it's also not actually decentralized” https://www.reuters.com/... https://twitter.com/... Albert Wenger / @albertwenger : Mainstream adoption will require better security https://twitter.com/... Scott Hanselman / @shanselman : And I was sad that one time I dropped the production database and had to restore from a backup an hour before. Not quite the same as a $600M bug (every week or so) https://twitter.com/... Eric Wall X / @ercwl : This is a giant comms fuckup. Later in the thread they mention the other validators that were involved, and in later tweets they say: “We request BSC Validators to get in touch with us within the next few hours so that we can plan a node upgrade!” Instead of “we did this” https://twitter.com/... Gwendolyn Regina / @gwendolynregina : Kudos to the team for working so quickly. We reached out to validators one by one to make this happen. Tough day, but thank you for the support! https://twitter.com/... Ryan Browne / @ryan_browne_ : More than $100m worth of Binance's BNB cryptocurrency has been stolen after a hack targeting the company's BSC blockchain. The theft arose from an exploit on BSC Token Hub, a cross-chain bridge, which “resulted in extra BNB,” Binance CEO @cz_binance says. https://www.cnbc.com/... H.E. Justin Sun / @justinsuntron : .@Poloniex will freeze all the funds that hackers took off from BSC. https://twitter.com/... Daniel Cuthbert / @dcuthbert : The attacks against web3 are something else. Numbers are staggering, the abuse of functions mind-blowing https://twitter.com/... Henry Farrell / @henryfarrell : The most amazing thing to me about these stories is how routinized they are, and how little attention they get outside the specialist community. https://twitter.com/... @tante : The future of finance https://twitter.com/... Josh / @cryptoworldjosh : I have huge respect for @cz_binance, but if you can easily & quickly “pause” a blockchain, it's centralised & vulnerable to government bans. #Bitcoin for example could never be “paused” this easily or quickly. https://twitter.com/... @cryptokaleo : Anyone surprised by this shouldn't be. BNB / BSC has always been centralized “DeFi”. Centralized entities can have streamlined efficiency, lower fees, and can shut off when you need them to. The trade off is the case for immutability / censorship resistant transactions. https://twitter.com/... @granitacademy : You guys have full support from our side. Mistakes happen, what's important is quick recovery. Glad that you can react fast and fix the problem. https://twitter.com/... @bowtiedbull : Sigh. Same thing. No one cares to listen though. All exchanges are honey pots https://twitter.com/... Stacy Herbert / @stacyherbert : Imagine if a nation had any critical infrastructure on this 💩⛓ https://twitter.com/... @kurtwuckertjr : If the world ran on a scalable proof of work blockchain, there wouldn't be a need for bridges. Instead, BSC is a copypasta of Ethereum with all the security problems of a global state machine. As they absorb more value, they will be hacked more because they're trash honeypots. https://twitter.com/...