Bitcoin
Bitcoin (BTC)
$63,985.00 -0.4343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.72 -0.69926
Ethereum price
BNB
BNB (BNB)
$583.12 -0.69244
BNB price
Solana
Solana (SOL)
$130.55 -2.64785
Solana price
XRP
XRP (XRP)
$0.4807390 -1.24947
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -2.5133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000111 -3.45685
Pepe price
Bonk
Bonk (BONK)
$0.0000201 -3.31765
Bonk price
Bitcoin
Bitcoin (BTC)
$63,985.00 -0.4343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.72 -0.69926
Ethereum price
BNB
BNB (BNB)
$583.12 -0.69244
BNB price
Solana
Solana (SOL)
$130.55 -2.64785
Solana price
XRP
XRP (XRP)
$0.4807390 -1.24947
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -2.5133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000111 -3.45685
Pepe price
Bonk
Bonk (BONK)
$0.0000201 -3.31765
Bonk price
Bitcoin
Bitcoin (BTC)
$63,985.00 -0.4343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.72 -0.69926
Ethereum price
BNB
BNB (BNB)
$583.12 -0.69244
BNB price
Solana
Solana (SOL)
$130.55 -2.64785
Solana price
XRP
XRP (XRP)
$0.4807390 -1.24947
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -2.5133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000111 -3.45685
Pepe price
Bonk
Bonk (BONK)
$0.0000201 -3.31765
Bonk price
Bitcoin
Bitcoin (BTC)
$63,985.00 -0.4343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.72 -0.69926
Ethereum price
BNB
BNB (BNB)
$583.12 -0.69244
BNB price
Solana
Solana (SOL)
$130.55 -2.64785
Solana price
XRP
XRP (XRP)
$0.4807390 -1.24947
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000177 -2.5133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000111 -3.45685
Pepe price
Bonk
Bonk (BONK)
$0.0000201 -3.31765
Bonk price
SirWin
SirWin
SirWin

BNB Chain’s cross-chain bridge exploit shakes crypto community 

bnbchains-cross-chain-bridge-exploit-shakes-crypto-community
Edited by
News
BNB Chain’s cross-chain bridge exploit shakes crypto community 

BNB Chain’s cross-chain bridge (0x489a) recently fell victim to a major exploit. Following the hack’s massive financial losses, concerns about project security emerged.

Peckshield advisory reveals massive losses

Investors and security professionals are reeling from an attack on BNB Chain’s cross-chain bridge in which the severity of the harm inflicted was made clear in a stern advisory released by Peckshield, a blockchain security company.

Peckshield’s research indicates that the exploiter liquidated about 1.1 million $vBNB tokens, worth about $10.2 million. The cross-chain bridge’s security architecture was exposed by this hack, which triggered concerns.

Another incident, involving an exploiter liquidating around 5.6 million $vBNB, equated to an astounding value of over $52.3 million. The breach underscores the risks that traders and investors may suffer due to potential vulnerabilities, reiterating the urgent need for improved security measures across the decentralized finance (defi) industry.

Defi platform Venus Protocol announced in a social media post that the BNB Bridge exploiter’s account was made “healthy” by BNB Chain. This was accomplished by using a “whitelisted liquidation” procedure. 

Recent exploits involving the BNB Chain cross-chain bridge have shown flaws that require rapid addressing. While the quick action of Venus Protocol has helped to calm the issue, the larger defi landscape is being warned to tighten security to protect users and their investments.