BNB Chain’s cross-chain bridge exploit shakes crypto community
BNB Chain’s cross-chain bridge (0x489a) recently fell victim to a major exploit. Following the hack’s massive financial losses, concerns about DeFi project security emerged. Peckshield advisory reveals massive losses Investors and security professionals are reeling from an attack on BNB Chain’s cross-chain bridge in which the severity of the harm inflicted was made clear in a stern advisory released by Peckshield, a blockchain security company. Peckshield’s research indicates that the exploit er liquidated about 1.1 million $vBNB tokens, worth about $10.2 million. The cross-chain bridge ’s security architecture was exposed by this hack, which triggered concerns. #PeckShieldAlert #BNBBridge Exploiter has been liquidated ~5.6M $vBNB (worth ~$52.3M) https://t.co/pDzlhOK3mE pic.twitter.com/IaGlXCvzy8 — PeckShieldAlert (@PeckShieldAlert) August 18, 2023 You might also like: RocketSwap unveils response strategy after $865k hack Another inc...