CZ Responding To The Recent BNB Cross Bridge Exploit And It’s Current State
It was reported that some irregularities to see, in the BNB cross- chain bridge transactions and in a tweet and a publication to respond to that which I think went a long way in calming the nerves of these users and also talking about the current state of the situation.
With more facts been stated he says that the total of $100 million - $ 110 million has was reported to be removed;
“Initial estimates for funds taken off BSC are between $100 million – $110 million. However, thanks to the community and our internal and external security partners, an estimated $7 million has already been frozen.”
At the time to writing the blog post it is said that operation was estimated that two million of BNB was reported to have being taken which was worth at the time of writing over five million dollars;
“A total of 2 million BNB was withdrawn. The exploit was through a sophisticated forging of the low level proof into one common library.”
With all these bad actors on the lose, can we categorically say that out asserts are safe looking the amount of cases that have being reported.
If you seen this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link
Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura
Posted Using LeoFinance Beta