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coinpedia
2022-10-07 07:02:45

BNB Price Crashed Heavily as the Binance Chain Halts Following a Major Hack of 2M BNB Tokens Worth $550M

BNB Price Crashed Heavily as the Binance Chain Halts Following a Major Hack of 2M BNB Tokens Worth $550M

The post BNB Price Crashed Heavily as the Binance Chain Halts Following a Major Hack of 2M BNB Tokens Worth $550M appeared first on Coinpedia Fintech NewsThe BinanceCoin price quickly dropped below the crucial 50-day MA level at $294.5 as the selling volume spiked. The hacker is assumed to have drained a wallet account and swapped, finding a bug that allowed him to multiply the entered amount of tokens. However, the BNB chain was halted quickly while validators suspended BSC, and …

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