BNB Chain Back Online Following $100M Exploit

The BNB Smart Chain (BSC) resumed operations at around 06:40 Coordinated Universal Time (UTC) as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain..

BNB Chain, a blockchain closely linked to the crypto exchange Binance, is composed of BNB Beacon Chain and BNB Smart Chain (BSC).

A tweet from the official BNB chain Twitter account indicates that the chain is back in operation after pushing out a software update to freeze hackers’ accounts.

.@BNBCHAIN is back online. We have now resumed @BNBCHAIN deposits and withdrawals on #Binance.

Thank you for your patience. https://t.co/icZvlWaHGi

— Binance (@binance) October 7, 2022

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