Hackers feast on crypto weak link and even Binance isn’t spared

Hackers feast on crypto weak link and even Binance isn’t spared

There’s a gaping hole in the crypto industry’s security architecture, and even the most deep-pocked players haven’t figured out how to plug it. The weakness in question is what’s known in industry parlance as cross-chain bridges — software that allows crypto tokens to move between different blockchains. On Thursday, a hacker made off with about […]

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Binance-linked blockchain hit by 0 million crypto hack

Binance-linked blockchain hit by $570 million crypto hack

A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year.Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain “bridge” used in […]

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