Hackers Steal Over Half a Billion Dollars From World's Largest Crypto Exchange

This is the second time that the world's largest exchange in trading volume has been hacked.

CNBC reports that the exchange's own BNB token was stolen.

The issue is contained according to the CEO of the company. We apologize and will give more updates as soon as possible.

Bridge Troll

Customers were able to move their BNB holdings to other blockchains because of the vulnerability. There are two chains in the BNB chain, the BNB smart chain and the BNB beacon chain.

There was an exploit on a cross-chain bridge that resulted in extra BNB, according to the author. All validators have been asked to stop working.

At the time of writing, the two million BNB token thieves were worth $570 million.

It is the latest in a series of hacks. In what experts called a "frenzied free for all," hackers got away with $190 million after taking control of a bridge.

According to an August report by Chainalysis, hackers were able to get away with over a billion dollars in just four years.

The industry has had a rotten year so far, so this doesn't bode well.

The BNB token was stolen in a major hack.

The guy says the crash is good.