BNB Smart Chain Suffers Exploit with Hundreds of Millions of Dollars Stolen

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Binance Coin (BNB) suffered a sharp decline on Friday after reports of a cross-chain bridge attack had occurred on October 6 on the BNB Smart Chain, which saw about 2,000,000 BNB ($562 million using the current exchange rate) get stolen. Reports also showed that “Tether blacklisted the account,” which pushed Binance to pause the entire chain.

Announcing the incident, the official BNB SMart Chain Twitter handle noted some hours back: “Due to irregular activity, we’re temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here. Thank you for your patience and understanding.” The Twitter page continued:

“To confirm, we have suspended BSC after having determined a potential exploit. All systems are now contained, and we are immediately investigating the potential vulnerability. We know the Community will assist and help freeze any transfers. All funds are safe. We want to thank all node service providers for their quick and attentive response.”

As expected, numerous speculations and expressions of concern have trailed the attack. Commenting on the issue, Binance CEO Changpeng CZ Zhao noted: “An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB.” The Binance boss further noted: “We have asked all validators to temporarily suspend BSC. The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly.”

BNB Smart Chain Team Says Only $110 Million Stolen

The BNB Smart Chain team took to Reddit to report that the estimated theft from the exploit was around $100 to $110 million. The team noted: “Initial estimates for funds taken off BSC are between $100M – $110M,” the Reddit post explains. “However, thanks to the community and our internal and external security partners, an estimated $7M has already been frozen.”

That said, Binance recently announced that the issue has been resolved:


You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *