BNB Chain — page 3

The Sandbox minted 329 trillion unbacked SAND tokens in 5 hours and only $675K was stolen

A bridge configuration flaw on Base and BNB Smart Chain let attackers hijack LayerZero delegate permissions, mint trillions of phantom SAND tokens, and drain roughly $675,000 from the Ethereum vault before the team shut everything down. The $49 billion face…

Crypto.news•Andrew Folkler30 Aug

The Sandbox Pledges 1:1 SAND Repayment After Bridge Exploit

Treasury-funded compensation will use pre-incident balances on Base and BNB Chain without increasing SAND’s fixed 3 billion maximum supply.

The Defiant•The Defiant Team28 Aug

CCC exploit drains $117K after attacker targets BSC liquidity pool

CCC token on BSC has suffered an exploit that caused an estimated $117,000 loss after an attacker manipulated the token contract’s sell() function and burned tokens held in its liquidity pool. According to blockchain security firm TenArmorAlert, its monitoring system…

Crypto.news•Rony Roy28 Aug

The Sandbox pledges 1:1 repayment after $700K bridge exploit

Eligible holders on Base and BNB Chain will receive Ethereum-based SAND from the project’s treasury, with claims expected to open within two weeks.

Cointelegraph•Cointelegraph by Ezra Reguerra28 Aug

Sign unveils sovereign stablecoin framework with BNB Chain to help governments mint their own digital currencies

The framework could accelerate global stablecoin adoption, enhancing financial inclusion and challenging existing digital currency platforms.

CryptoBriefing•Editorial Team26 Aug

Binance founders used ‘The Simpsons’ codenames, former employees share

Former Binance employees say CZ and Yi He used Homer and Marge Simpson codenames in internal communications. Former Binance and BNB Chain employees have revealed an unusual detail about the internal culture surrounding one of crypto’s biggest companies: Binance co-founders…

Crypto.news•Samuel Msiska25 Aug

BNB Chain activates Pasteur hard fork on mainnet

BNB Chain activated Pasteur on BSC, strengthening bridge and validator security while introducing a fuller block-building route.

Crypto.news•Olivia Stephanie25 Aug

BNB Chain activates Pasteur hard fork to strengthen bridge security

BNB Chain activates the Pasteur hard fork on BSC, closing bridge and validator security gaps while targeting greater transaction capacity.

Cointelegraph•Cointelegraph by Ezra Reguerra25 Aug

Dgrid AI token DGAI now available on BNB Smart Chain and Arbitrum via Wormhole

DGAI's cross-chain integration enhances liquidity and accessibility, potentially boosting its role in decentralized AI services and DeFi ecosystems.

CryptoBriefing•Editorial Team24 Aug

BNB Chain Pasteur hard fork goes live Aug. 25

BNB Chain activates Pasteur on Aug. 25, requiring client v1.7.7 while strengthening validator security and expanding tested capacity.

Crypto.news•Olivia Stephanie24 Aug

BSC Mainnet Pasteur Hardfork to Come in 24 Hours: All You Need to Know

Important upgrade about to land on BSC mainnet and this is all you need to know about it.

U.Today•Arman Shirinyan24 Aug

Sandbox Bridge Hack Mints 14.9B SAND While Coinbase Delists Futures

Metaverse platform The Sandbox confirmed recently that an exploited bridge let an attacker mint unbacked SAND on Base and BNB Smart Chain, prompting an immediate shutdown. Exploit Hits Base and BSC Bridges Sandbox, the metaverse gaming platform behind the SAND token, contained a vulnerability affecting its cross-chain bridges on Base and BNB Smart Chain (BSC). […]

Bitcoin.com News•Shiraz Jagati23 Aug

2 Days Left: BNB Chain Set for Heavy Network Upgrades

BNB Chain doubles down on speed with upcoming hard fork set to boost throughput.

U.Today•Tomiwabold Olajide23 Aug

14.9 billion SAND tokens minted after Sandbox exploit: Report

Sandbox team said the exploit was only isolated to Base and BSC networks and has been contained.

AMBCrypto•Benjamin Njiri22 Aug

The Sandbox Says It Contained Bridge Exploit That Minted Unbacked SAND on Base and BSC

Upbit and Bithumb froze SAND transfers under South Korea's user-protection law, with Upbit halting deposits and withdrawals on Ethereum — the chain the studio says was not affected.

The Defiant•The Defiant Team22 Aug

BounceBit Retires Its Chain After Attacker Moves 286.5 Million Tokens

BounceBit will permanently shut down its Layer 1 blockchain after an attacker moved 286.5 million BB out of nine mainnet accounts. The project will reissue the token as a BEP-20 asset on BNB Chain. The team said the attacker compromised no private keys, wallets, or hardware devices. The unauthorized transfers came from a protocol-level authorization

BeInCrypto•Kamina Bashir22 Aug

Sandbox halts Base and BNB Chain bridging after exploit mints billions of unbacked SAND tokens

The exploit underscores vulnerabilities in cross-chain bridges, prompting a reevaluation of security protocols and trust in decentralized finance.

CryptoBriefing•Editorial Team22 Aug

Web3 gaming network Sandbox stops Base and BNB chain bridging after exploit

CoinDesk•Francisco Rodrigues22 Aug

SAND bridge exploit contained after unbacked token mint

The Sandbox has contained a cross-chain bridge vulnerability that allowed an attacker to mint unbacked SAND on Base and BNB Smart Chain, with the project estimating the direct impact at less than 0.01% of the token’s 3 billion supply. The…

Crypto.news•Lawrence Mondal22 Aug

BounceBit abandons its Layer 1 after 286.5M BB exploit – Why BNB Chain?

YZi Labs-backed BounceBit has announced plans to permanently cease its BounceBit Chain. Instead of repairing the network, BounceBit plans to redeem BB as a BEP-20 token on BNB Chain. This comes after a recent attack in which the wrongdoer misused a flaw in one of BounceBit Chain’s built-in protocol modules. This allowed the attacker to Continue reading "BounceBit abandons its Layer 1 after 286.5M BB exploit – Why BNB Chain?"

AMBCrypto•Ishika Kumari22 Aug