The BNB Chain team has recently suspended the network after suffering a hack on the BSC Token Hub bridge.
The attackers reportedly made off with more than $544 million in digital assets, although they only managed to withdraw $100 million.
According to the statement shared by the company:
"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."
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BSC Token Hub is the internal cross-chain bridge of the BNB Chain ecosystem that enables token transfer between the BNB Beacon Chain governance blockchain and the BNB Smart Chain (BSC) consensus layer.
Binance CEO Changpeng Zhao has said the attackers have leveraged an exploit that "resulted in extra BNB." The project team has asked validators to suspend the BSC.
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