Binance Inches Closer to Tracking Hacker Behind $570M Exploit

Binance is on the verge of uncovering the hacker(s) behind the $570 million exploit on its cross-chain bridge, BSC Token Hub, earlier this month. The hunt intensifies as Binance CEO Changpeng Zhao (CZ) provides updates on the investigation.

Amidst this, prominent crypto exchange Binance’s BNB tokens worth $570 million were wiped out clean. The hacker reportedly exploited a cross-chain bridge related to its BNB Chain. This occurred earlier this month, and now the exchange seems to be on the verge of capturing the hacker.

On Monday, Binance CEO Changpeng Zhao told CNBC that the exchange is “narrowing down” the identity of the attacker who stole $570 million worth of cryptocurrency from a cross-chain bridge on October 6. Zhao said that the blockchain has successfully frozen up to 90% of the stolen assets, showcasing the platform's robust security measures and swift response.

Major cryptoasset exchange Binance is closer to finding out the identity of the person (s) behind the $570 million hack on its native BNB blockchain, CEO Changpeng Zhao (CZ) told CNBC. The investigation is making significant progress.

Binance is close to identifying the hacker(s) responsible for the $570 million attack on its cross-chain bridge and BSC Token Hub. Crypto exchange Binance is reportedly narrowing down the identity of the hacker behind its $570 million crypto attack.

This development comes after the company’s CEO Changpeng Zhao revealed the ongoing efforts to identify and apprehend the individual or group responsible for the massive security breach. Stay tuned for further updates on this developing story.