Binance Smart Chain aka BNB Chain is halted citing irregular activity

Due to irregular activity, we're temporarily pausing BSC. We apologize for the inconvenience and will provide further updates here.

Benjamin

• Updated: Friday, October 07, 2022, 06:05

Share

We want to confirm that we coordinated with validators to temporarily suspend BNB Smart Chain (BSC) after having determined an exploit on a cross-chain bridge, BSC Token Hub- which resulted in extra BNB.

We have asked all validators to temporarily suspend BSC. The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly.

The Community has already played a pivotal role in assisting and helping freeze any transfers. All funds are safe.

We want to thank the node service providers for their quick and attentive response.

A huge thank you to the following:

Hash, Neptune, TW Staking, BSCScan, Legend, CertiK, Figment, NodeReal, Namelix, Defibit, Fuji, InfStones, MathWallet, Pexmons, Ankr, BNB48 Club, Avengers, Tranchess, Coinbase Cloud

For their quick and decisive actions - a true community.

Initial estimates for funds taken off BSC are between $100M - $110M. However, thanks to the community and our internal and external security partners, an estimated $7M has already been frozen.

We are humbled by the speed and collaboration from the community to freeze funds.

Thank you to everyone who helped and gave their support.

This article was originally published on: Oct 7, 2022 at 06:05 AM

DISCLOSURE

CoinNeutral is a source of information on cryptocurrency, digital assets & markets, acquired and compiled from various sources. CoinNeutral strives for highest standards in the information published by verifying and factchecking before publishing.