another cryptocurrency scam

Binance's BNB worth around $560 million stolen in another cryptocurrency scam

This year has been difficult for the crypto sector, not only because of the coin meltdown, but also because of the actions of hackers on blockchain projects. According to Chainalysis, over $1.4 billion in crypto has been abused this year alone through Bridges breaches.

Due to rising crypto acceptability and more crypto transactions throughout the world's population due to the financial liberty people gain from crypto, hackers are now targeting crypto to steal money. Get financial liberty through personal connection with our specialists now.

Binance, the world's largest cryptocurrency exchange, was targeted by cyberpunks on Thursday, and up to $570 million in Binance BNB was stolen as a result of the breach.

Bridges have been the focus of numerous crypto hackers, and Binance's current attack is no exception.

According to Immunefi, a crypto security firm, there was a fault in the bridge's smart contract that allowed hackers to falsify transactions and transmit money back to their crypto wallet.

Smart contracts are bits of blockchain code that allow agreements to be executed automatically without the need for human involvement.

Source: MyCryptoParadise