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A blockchain network run by Binance, the world’s largest cryptocurrency exchange, is the latest victim of hackers who have targeted vulnerabilities in decentralized finance platforms—equally one of crypto’s most promising areas and weakest links.
BNB Smart Chain, known as BSC, was temporarily suspended after hackers exploited the network for $100 million to $110 million, Binance detailed, adding that $7 million of the stolen funds already had been frozen.“The issue is contained now. Your funds are safe,” Binance CEO Changpeng Zhao said via Twitter.
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