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On Thursday, 6:19 p.m. (ET), the official Twitter account for the Bnb Smart Chain explained that the team was temporarily pausing the blockchain, after citing that it noticed irregular activity. Sources say that more than $600 million in Bnb tokens were reportedly stolen from the chain\u2019s cross-chain bridge. The Bnb Smart Chain team detailed on Reddit that funds \u201ctaken off BSC are between $100M \u2013 $110M.\u201d <\/strong><\/p>\n The crypto token BNB<\/a> is down 4% lower against the U.S. dollar during the last 24 hours following an alleged cross-chain bridge attack that saw around 200 million BNB<\/a> worth $600 million siphoned. Reports further noted<\/a> that \u201cTether blacklisted the account\u201d and it pushed Binance to pause the entire chain.<\/p>\n Through the official Bnb Smart Chain Twitter account, the team announced the chain pause. \u201cDue to irregular activity, we\u2019re temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here. Thank you for your patience and understanding,\u201d the account said<\/a> at 6:19 p.m. The official Bnb Smart Chain Twitter account added:<\/p>\n To confirm, we have suspended BSC after having determined a potential exploit. All systems are now contained, and we are immediately investigating the potential vulnerability. We know the Community will assist and help freeze any transfers. All funds are safe. We want to thank all node service providers for their quick and attentive response.<\/p>\n<\/blockquote>\n At the time of writing, there\u2019s a lot of speculation surrounding the attack. \u201cBefore the hack, the Bnb bridge exploiter registered as a relayer for this bridge,\u201d one person wrote<\/a>. \u201cSeveral hundred million dollar BNB<\/a> hack reported,\u201d Will Clemente tweeted<\/a> on Thursday. \u201cThe team has just announced a temporary pause of Binance Smart Chain. Wow.\u201d<\/p>\n The Twitter account operated by Green Jeff Capital<\/a> summarized the situation. At the end of the thread,<\/a> he noted that the attackers may get around $100 million when all is said and done.<\/p>\n \u201cThe attacker\u2019s next moves will probably pull [ethereum] out of bridges back to mainnet and then [Tornado Cash]. They have around $45 million in [ethereum] on mainnet, another $20 million in bridges (Avalanche and Fantom official),\u201d Green Jeff tweeted<\/a>. \u201cWith overcollateralized [ethereum] borrows, they may get $100mm max.\u201d<\/p>\n At 7:51 p.m. (ET), Binance CEO Changpeng Zhao, commonly known as \u201cCZ,\u201d tweeted about the affair. \u201cAn exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB<\/a>,\u201d CZ said<\/a>. \u201cWe 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.\u201d<\/p>\n Bnb Smart Chain\u2019s team explained<\/a> on Reddit that the estimate for the exploit loss is around $100 to $110 million. \u201cInitial estimates for funds taken off BSC are between $100M \u2013 $110M,\u201d the Reddit post explains. \u201cHowever, thanks to the community and our internal and external security partners, an estimated $7M has already been frozen.\u201d<\/p>\n Some Redditors questioned the veracity of the <\/span>numbers<\/span><\/a> stemming from the Bnb Smart Chain exploit Reddit announcement, and others criticized<\/a> the BNB<\/a> chain\u2019s decentralization<\/a>. The exploit has been a topical conversation<\/a> on social media sites like Reddit and Twitter since the Bnb Smart Chain bridge exploit was first noticed. <\/span><\/p>\n What do you think about the potential BNB<\/a> Smart Chain cross-chain bridge exploit? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\nBnb Smart Chain Temporarily Pauses Amid Hack Rumors<\/h2>\n
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