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Ethereum World News
2022-06-08 18:50:24

Binance Halts Deposits and Withdrawals of EGLD to Investigate Potential Security Issue on the Elrond Network

Binance Halts Deposits and Withdrawals of EGLD to Investigate Potential Security Issue on the Elrond Network

Key takeaways: Binance has stopped deposits and withdrawals of EGLD to investigate what it calls a potential security issue on the Elrond Network. Yesterday, a hack was reported on the Elrond Network resulting in the loss of $1.65 million worth of EGLD that was later sold on the Maiar Decentralized exchange, causing a 92% price drop on the DEX. The Founder and CEO of the Elrond Network has released an update stating the bug that caused the security issue has […]

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