Two million BNB tokens worth roughly $590 million were transferred to a newly generated wallet to an address that Tether then blacklisted. Binance Smart Chain hit the brakes on Thursday after the blockchain with ties to the world's largest crypto exchange suffered what it called a "potential exploit" that on-chain evidence suggests could be in range of $500 million.
"Due to irregular activity we're temporarily pausing BSC," BNB Chain tweeted from its official account, later confirming that the activity was a "potential exploit," that it characterized as contained. The blacklisting was highlighted by a Tether bot on Twitter, fueling the rumor of one of the year’s biggest cryptocurrency hacks.
The exact nature of the attack is not immediately clear.
Wallet address that has been blacklisted is below:
This is a developing story and will be updated.
Comments