Binance, the world's biggest crypto exchange, was hacked, and around $100 million worth of Binance Coin was stolen, CEO says

Around $100 million of Binance coin was stolen in the latest round of cyberattacks.

The CEO of Binance, Changpeng "CZ" Zhao, said on Friday that there was an exploit on a cross-chain bridge. There is a person living in Singapore.

The issue is no longer a problem. The money is safe. We apologize for the hassle and will give more updates as soon as possible.

—CZ 🔶 Binance (@cz_binance) October 6, 2022

A quarter of the last BNB burn is estimated to be the current impact. BNB is a coin of the world's largest coin exchange.

At least $7 million of stolen funds have been frozen, according to a spokesman for the company. The company did not respond to the request for comment.

The BNB Chain was under maintenance and the official account of the company apologized for the hassle. All deposits and withdrawals will be suspended until further notice.

Many of the attacks on cryptocurrencies this year were carried out by North Korea-linked groups. Cross-chain bridges are popular targets.

The value of the digital assets has been wiped out by a sell-off.