A blockchain linked to Binancethe world’s largest cryptocurrency platform, suffered a cyber attack worth $570 million, a Binance spokesperson said on Friday, the latest in a series of hacks that have impacted the digital currency sector this year.
Binance Chief Executive Changpeng Zhao said in a tweet that tokens were stolen from a blockchain “bridge” used on the BNB chain, which was known as the Binance Smart Chain until February.
Blockchain bridges are tools used to transfer cryptocurrencies between different applications.
Zhao said that the hackers stole around $100 million cryptocurrency. BNB Chain later said in a blog post that the hacker withdrew a total of 2 million worth of BNB cryptocurrency, worth around $570 million.
BNB Chain supports the cryptocurrency BNB, formerly known as Binance Coinwhich is the fifth largest token in the world with a market value of about $46 billion, according to data from CoinGecko.
Some $2 billion worth of cryptocurrency has been stolen in 13 different bridge hacks, mostly this year, crypto analytics firm Chainalysis said in August.
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance