Attack on Binance

In October 2022, the Binance cryptocurrency exchange became the victim of one of the most notorious cyber robberies. A group of hackers managed to withdraw 2 billion BNB tokens worth about $570 million.

According to Binance, attackers attacked the BSC Token Hub cross-chain bridge connected to its BNB chain, allowing hackers to move BNB tokens off-chain. The exchange also noted that at the time of the attack it managed to freeze only $7 million of stolen funds.