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Binance CEO Says They’re Closer to Identifying Hacker Behind $570,000,000 Exploit
27.10.2022
Major cryptoasset exchange Binance is closer to finding out the identity of the person(s) behind the $570 million hack on its native BNB blockchain, CEO Changpeng Zhao (CZ) told CNBC.
CZ said that Binance is working with law enforcement to identify the perpetrator(s), stating that,
“The...
Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks
12.10.2022
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals...
Binance CEO Changpeng Zhao Believes Decentralization Is Part of a ‘Gradient Scale’
10.10.2022
Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated that there are several aspects of decentralization and that this is part of a gradient scale...
Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4%
7.10.2022
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...