#BinanceSafetyInsights “Software code is never bug-free,” said Binance CEO Changpeng Zhao in an interview with CNBC. He assured that no user funds were lost, but warned that cross-chain bridges remain a major weak point in the crypto space.

In a blog post, Binance Smart Chain acknowledged the incident and stated:

> “We’ve seen repeated attacks exploiting bridge vulnerabilities. We’re committed to full transparency and will share a complete postmortem along with enhanced security measures.”

This hack adds to a growing list of bridge-related exploits, raising pressure on the industry to improve its security standards.