Zhao Changpeng, CEO of Binance, the world’s largest cryptocurrency trading platform, confirmed that more than $100 million in crypto coins were sold that were stolen from BNB Chain, Binance’s crypto blockchain.
The theft took place on a bridge connecting the different blockchains, but Binance is now in control of the situation.
A spokesperson for BNB Chain estimated the damage incurred at $100 million to $110 million, of which at least $7 million was retained, and Binance has decided to temporarily suspend the BSC Token Hub Bridge.
The Binance Business Ecosystem, or BNB Chain Ecosystem, is one of the most modern. And Binance will refund all the money stolen by the hackers.
BNB Chain is working with security services to freeze stolen crypto coins. Meanwhile, Binance Coin (BNB) fell 3.3% today to trade around $285 on the Tokyo market this morning.