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BNB Chain Halts Operations Following Massive Exploit

NewsBTC LogoNewsBTC1 mo ago

BNB Chain Halts Operations Following Massive Exploit - NewsBTC

Quick Summary:

Binance's BNB token faced impacts from today's exploit.| Source: BNB-USD on TradingView.com Related Reading: Cardano TVL Plummets To 8 Month Low, No Vasil Hardfork Positive Effect Criticism Around Halting The Chain BSC reps went on to explain that they “coordinated with validators to temporarily suspend BSC,” which led to many critics emerging around the degree of centralization surrounding the chain.

Binance Bridge Can’t Avoid The ‘Bridge Problem’  One of the biggest issues around crypto vulnerabilities often seems to be bridges – where movement from one chain to another adds a layer of complexity that has proved to be a challenge.

Binance’s signature Binance Smart Chain is the latest to suffer from an exploit, and the chain is “temporarily paused,” according to the official BNB Chain Twitter account and Binance’s CZ.


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Article Details

Author / Journalist: Taylor Scott

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-07 @ 02:48:36 (1 months ago)

News Timezone: GMT +8:00

Ranking: #195 (out of 3382 stories this day)

News Source URL: newsbtc.com

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 773896

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/bnb-chain-halts-operations-following-1665122354397

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