{"id":195913,"date":"2021-10-30T17:30:11","date_gmt":"2021-10-30T12:00:11","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=195913"},"modified":"2021-10-30T16:36:27","modified_gmt":"2021-10-30T11:06:27","slug":"binance-smart-chain-project-hack-leads-to-theft-of-139-million","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/binance-smart-chain-project-hack-leads-to-theft-of-139-million\/","title":{"rendered":"Binance Smart Chain project hack leads to theft of $139 million"},"content":{"rendered":"<p>Another day, another hack on the Binance Smart Chain. The decentralized transaction protocol BXH was attacked on Binance Smart Chain [BSC].<\/p>\n<p>Although the method of the attack is not known yet, the BXH team noted that assets on HECO, OEC, and Ethereum were safe. In order to practice caution, the project suspended the deposit and withdrawal service. BXH noted,<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8\ud83d\udea8We are sorry to announce that BXH was attacked on <a href=\"https:\/\/twitter.com\/hashtag\/BinanceChain?src=hash&amp;ref_src=twsrc%5Etfw\">#BinanceChain<\/a>. Other chains assets are safe. <br \/>We are cooperating with BSC and Peckshield to follow up and trace.<a href=\"https:\/\/twitter.com\/hashtag\/BXH?src=hash&amp;ref_src=twsrc%5Etfw\">#BXH<\/a> <a href=\"https:\/\/twitter.com\/HECO_Chain?ref_src=twsrc%5Etfw\">@HECO_Chain<\/a> <a href=\"https:\/\/twitter.com\/BinanceChain?ref_src=twsrc%5Etfw\">@BinanceChain<\/a> <a href=\"https:\/\/twitter.com\/AnyswapNetwork?ref_src=twsrc%5Etfw\">@AnyswapNetwork<\/a> <a href=\"https:\/\/twitter.com\/O3Swap?ref_src=twsrc%5Etfw\">@O3Swap<\/a>  <a href=\"https:\/\/twitter.com\/renprotocol?ref_src=twsrc%5Etfw\">@renprotocol<\/a> <a href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\">@cz_binance<\/a> <a href=\"https:\/\/twitter.com\/peckshield?ref_src=twsrc%5Etfw\">@peckshield<\/a> <a href=\"https:\/\/t.co\/jNo8C53DM0\">pic.twitter.com\/jNo8C53DM0<\/a><\/p>\n<p>&mdash; BXH (@BXH_Blockchain) <a href=\"https:\/\/twitter.com\/BXH_Blockchain\/status\/1454366374353010695?ref_src=twsrc%5Etfw\">October 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As the blockchain urged the centralized exchanges and decentralized finance [DeFi] providers to blacklist and freeze the mentioned addresses, the team was working with BSC security and security firm, PeckShield.<\/p>\n<p>Initially, Wu blockchain had reported at least 4,000 ETH [equivalent to $17.29 million at the current price of ETH] being stolen from the BXH blockchain. However, after a while, blockchain security organization SlowMist investigated, to find that the loss was over $139.19 million.<\/p>\n<figure id=\"attachment_195932\" aria-describedby=\"caption-attachment-195932\" style=\"width: 847px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/10\/BXH1.jpg\"><img decoding=\"async\" class=\"wp-image-195932 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/10\/BXH1.jpg\" alt=\"\" width=\"847\" height=\"155\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/10\/BXH1.jpg 847w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/10\/BXH1-300x55.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/10\/BXH1-768x141.jpg 768w\" sizes=\"(max-width: 847px) 100vw, 847px\" \/><\/a><figcaption id=\"caption-attachment-195932\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/hacked.slowmist.io\/en\/?c=BSC\">SlowMist<\/a><\/figcaption><\/figure>\n<p>Previous BSC Ecosystem associated investigations have found flash loan attacks to be the most common. In fact, AutoShark Finance on BSC which was hacked just a day ago, also saw hackers attacking by a flash loan, resulting in a theft of $2 million.<\/p>\n<p>Such attacks are not uncommon on the BSC and following the incessant hacks, some projects have come to a decision. PolyNetwork empathized with BXH and <a href=\"https:\/\/twitter.com\/PolyNetwork2\/status\/1454340107855532032?s=20\">noted<\/a>,<\/p>\n<blockquote><p>&#8220;In order to avoid further transfer, Poly Network will suspend cross-chain services related to stolen assets on #BSC, and other chains will not be affected.&#8221;<\/p><\/blockquote>\n<p>It added,<\/p>\n<p><a href=\"https:\/\/twitter.com\/PolyNetwork2\/status\/1454340358247051267?s=20\">https:\/\/twitter.com\/PolyNetwork2\/status\/1454340358247051267?s=20<\/a><\/p>\n<p>Similarly, O3Labs also <a href=\"https:\/\/twitter.com\/O3_Labs\/status\/1454348745500463105?s=20\">announced<\/a> suspending BSC cross-chain functionality.<\/p>\n<p>While many from the community were troubled by such continuous attacks on the Binance platform, others <a href=\"https:\/\/twitter.com\/PemaWan81171867\/status\/1454352486702018566?s=20\">commended<\/a> the hackers and stated the &#8220;developers are (lagging) behind.&#8221;<\/p>\n<p>BSC witnessed tremendous growth since its inception and although it offered a platform for small projects, security remained a major issue. As Binance puts in another $1 billion to support BSC&#8217;s growth, the team may have to refocus on keeping funds SAFU.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another day, another hack on the Binance Smart Chain. The decentralized transaction protocol BXH was attacked on Binance Smart Chain [BSC]. Although the method of the attack is not known yet, the BXH team noted that assets on HECO, OEC, and Ethereum were safe. In order to practice caution, the project suspended the deposit and<a href=\"https:\/\/ambcrypto.com\/binance-smart-chain-project-hack-leads-to-theft-of-139-million\/\">Continue reading <span class=\"sr-only\">&#8220;Binance Smart Chain project hack leads to theft of $139 million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":195915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4,20],"tags":[],"class_list":["post-195913","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Binance Smart Chain project hack leads to theft of $139 million - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Previous Binance Smart Chain Ecosystem associated investigations have found flash loan attacks to be the most common. 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