First this was tweeted:
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Then some 16 minutes thereafter this was tweeted:
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“Rumors had swirled on Twitter that the network had undergone a significant hack, with on-chain analytics showing alleged attackers exploiting roughly two million BNB, the chains native coin, a value of nearly $600 million” [Coghlan, J. BNB Chain confirms BSC halt due to ‘potential exploit’. (Accessed October 6, 2022); see also, Buckler, N. Binance Coin Hack: BNB Price Falls Nearly 4% Due to Suspected Exploit. (Accessed October 6, 2022)].
“The price of BNB has fallen 3.7% as the news of the exploit broke today” [Buckler, supra].
“It’s unclear at this time how the exploit was undertaken or the total value stolen, BNB Chain says its systems are contained, and user funds are safe whilst it investigates the potential vulnerability” [Coghlan, supra].
However, the rumor mill is working overtime on Twitter. Many enthusiasts are crediting the hack to an “inside job” and say that the BNB was stolen from a smart contract. Amateur Twitter detectives have also said that stablecoin Tether has blacklisted the suspected address. This could suggest Binance suspects an attack over something more harmless […] On-chain data highlights two withdrawals of 1 million BSC tokens. It seems that the attacker grabbed the crypto assets via cross-chains swaps, bridges, and borrows. (emphasis added)
[Buckler, supra].
More fuel for the fire that rages on between decentralization and centralization.
