Binance Smart Chain shuts down as hackers steal over $600 million in BNB
Binance Smart Chain was on Thursday shut down after hackers stole Binance-linked token BNB worth over $600 million.
Following reports of hackers attack on BNB, the BSC paused operations due to “irregular activities”, disrupting activity in the global crypto market.
“Due to irregular activity we’re temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here. Thank you for your patience and understanding,” BNB Chain tweeted on Thursday.
However, BNB Chain assured users that “all funds are safe,” as “all systems are now contained, and we are immediately investigating the potential vulnerability. We know the Community will assist and help freeze any transfers.”
BNB nosedived by about 3.6 percent, crashing to $282.46 on Thursday night after reports of hackers raid of the token.
The development marked the latest setback for global cryptocurrency activities, as almost the entire crypto system is built around Binance Smart Chain.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Terrorist attack foiled in Kaduna, Zamfara, three kidnap victims rescued
Mr Danja said on Friday, troops observed terrorists attacking a Canter vehicle along the Anka–Gummi Road.
Heading 2
Suspected Alcohol Poisoning: Ondo govt says 29 persons dead, 60 cases recorded
The commissioner said 36 blood and urine samples had been collected for laboratory analysis.
States
Soludo’s wife seeks thorough probe of child sexual abuse in Anambra, condemn act
Mrs Soludo said no child should be subjected to sexual exploitation or any form of abuse.
NationWide
Parent-Teacher association’s leadership crisis worsens as national body disowns factional executives
The NAPTAN leadership also questioned Mr Danjuma’s continued claim to the national presidency.
Heading 2
Shiroro Dam Release: Niger govt warns River Kaduna communities over increased water levels
The commissioner urged residents to remain vigilant and be cautious throughout the remainder of the rainy season.
States
18 suspected terrorists killed, logistics hubs destroyed in Borno
According to Mr Goni, the post-strike assessment indicated an estimated 85 per cent success.
