Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4% – Bitcoin News
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On Thursday, 6:19 p.m. (ET), the official Twitter account for the Bnb Smart Chain explained that the team was temporarily pausing the blockchain, after citing that it noticed irregular activity. Sources say that more than $600 million in Bnb tokens were reportedly stolen from the chain’s cross-chain bridge. The Bnb Smart Chain team detailed on Reddit that funds “taken off BSC are between $100M – $110M.” Bnb Smart Chain Temporarily Pauses Amid Hack Rumors The crypto token BNB is down 4% lower against the U.S. dollar during the last 24 hours following an alleged cross-chain bridge attack that saw around
Bitcoin exchange-traded funds (ETFs) have been the subject of much debate recently. Supporters argue that bitcoin ETFs would make it easier for investors to get into the Bitcoin market. They believe that more institutional investors would invest in Bitcoin if it were available through ETFs, which could lead to increased…