Binance Smart Chain stopped due to large-scale exploit
BNB Chain has been halted by all validators, following a hack that hit the BSC Token Hub cross-chain bridge, leading to the "creation of additional BNB". During the exploit, the attackers managed to steal 2 million BNB ($586 million).
Binance's CEO also confirmed the incident, adding that user funds are safe.
The hacker's wallet now has more than $700 million in funds. Tether has already blacklisted his address.
"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." - Confirmed on the official BNB Chain Twitter account