$BNB [10/02, 2:59 pm] Meta AI: The article you're referring to is likely about the recent hack on BNB Chain, a blockchain network developed by Binance. On Thursday, the network's bridge was exploited, resulting in a massive $566 million hack. The perpetrator made off with around $110 million worth of crypto assets ¹.

The attacker used a novel approach to siphon the funds across other networks, making it challenging to track and recover the stolen assets. The BNB Chain team temporarily halted the network

[10/02, 2:59 pm] Meta AI: The article you're referring to is likely about the recent hack on BNB Chain, a blockchain network developed by Binance. On Thursday, the network's bridge was exploited, resulting in a massive $566 million hack. The perpetrator made off with around $110 million worth of crypto assets ¹.

The attacker used a novel approach to siphon the funds across other networks, making it challenging to track and recover the stolen assets. The BNB Chain team temporarily halted the network to prevent further damage and is currently weighing an asset freeze.

This incident highlights the significant security risks associated with cross-chain bridges, which have become a popular target for hackers. The total value locked in crypto bridges is over $10 billion, making them an attractive target for malicious actors ¹.

The BNB Chain team has announced that it will offer a bounty reward of 10% of the recovered funds for uncovering the hacker. The incident is still under investigation, and authorities are expected to get involved soon ¹.