LONDON, Oct 7 (Reuters) – Hackers have stolen round $100 million price of cryptocurrency from a Binance-linked blockchain, Binance CEO Changpeng Zhao mentioned in a tweet on Friday.

Zhao mentioned the tokens have been stolen from a blockchain “bridge” used within the Binance-linked blockchain known as BNB Chain, generally known as Binance Sensible Chain till February.

Blockchain bridges are instruments used to switch cryptocurrencies between totally different functions.

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Individually, BNB Chain mentioned in a tweet that the hack concerned $100 million to $110 million of digital tokens, with out specifying which token was affected.

BNB Chain additionally mentioned on Twitter its exercise had been suspended earlier than resuming at round 0630 GMT.

Blockchain bridges have in current month increasingly become the target of thefts, which have lengthy plagued the crypto sector.

On the Binance web site, BNB Chain is described as a “community-driven, open-sourced and decentralized ecosystem”.

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Reporting by Elizabeth Howcroft; Enhancing by Tom Wilson and Ana Nicolaci da Costa

Our Requirements: The Thomson Reuters Trust Principles.


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