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Report Details How 2022 Binance Hackers Rushed to Move Funds Before Freeze
(2 hours ago) · 1 source · Summarized by CryptoBipto
A report examines how hackers who targeted Binance's BNB Chain bridge in 2022 attempted to quickly move stolen funds before the assets could be frozen. The piece details the race between the attackers and the exchange's response team to either extract or lock down the compromised cryptocurrency.
WHY IT MATTERS
Cross-chain bridges are tools that let people move cryptocurrency from one blockchain to another — think of them like currency exchange booths between different countries.
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SOURCES
- cointelegraph.com
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