Binance’s Crypto Dips On Heels of ‘Potential Exploit’

Early indications are that Binance’s network has been hacked for hundreds of millions of dollars According to on-chain analysis by BitcoinLinux’s Research, the attacker, or attackers, have managed to “bridge out” to several other chains, including Avalanche and Polygon The native token of Binance, BNB Chain, appears to have been hacked for hundreds of millions of dollars in what the cryptocurrency exchange earlier dubbed a “potential exploit.” Binance on Twitter said it had paused its network — sending the price of BNB lower on the news which was down more than 3% to $283 by 7 p.m. ET. “An exploit