Binance Smart Chain halted over potential exploit

Transactions on the Binance blockchain, also known as BNB Chain and Binance Smart Chain, were halted today after a potential exploit in the network was detected through a spike in “irregular activity.”

The exploit allowed cybercriminals to get away with over $570 million in digital assets. Binance CEO Changpeng Zhao later explained that an exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB and the chain had been halted.