CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinTurk News 2023-08-18 19:04:31

Hacker Loses Assets Worth $50 Million After $600 Million BNB Heist

The sudden market downturn in the crypto space has led to the liquidation of many investors’ funds, and the notorious attackers responsible for the infamous BNB Smart Chain exploit, which resulted in the theft of approximately $600 million worth of BNB, lost $50 million of the assets they acquired during the drop on the night of August 18, according to on-chain data on the BNB Smart Chain ecosystem. Stolen Assets Liquidated On October 6, 2022, the cross-chain bridge of the BNB Smart Chain blockchain network was suspended due to an exploit that allowed hackers to escape with approximately 2 million BNB tokens worth $568 million during the theft. The post Hacker Loses Assets Worth $50 Million After $600 Million BNB Heist appeared first on COINTURK NEWS.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.