{"id":2661,"date":"2022-10-12T13:25:00","date_gmt":"2022-10-12T13:25:00","guid":{"rendered":"https:\/\/odwstage.com\/omniatech\/?p=2661"},"modified":"2023-05-21T21:34:12","modified_gmt":"2023-05-21T21:34:12","slug":"bnb-chain-lost-100m-to-a-hack-what-went-wrong-2","status":"publish","type":"post","link":"https:\/\/omniatech.io\/pages\/bnb-chain-lost-100m-to-a-hack-what-went-wrong-2\/","title":{"rendered":"BNB Chain Lost $100M To a Hack \u2014 What Went Wrong?"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">&lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>\n<p id=\"eed1\">Early October 7th, CZ announced&nbsp;<a href=\"https:\/\/twitter.com\/cz_binance\/status\/1578171072067031042\" rel=\"noreferrer noopener\" target=\"_blank\">via Twitter<\/a>&nbsp;that the BNB Smart Chain was experiencing an exploit on its cross-chain bridge, BSC Token Hub, that had resulted in the minting and transfer of extra BNB.<\/p>\n\n\n\n<p id=\"56a0\">The BNB Chain team soon published&nbsp;<a href=\"https:\/\/www.bnbchain.org\/en\/blog\/bnb-chain-ecosystem-update\/\" rel=\"noreferrer noopener\" target=\"_blank\">a blog post<\/a>&nbsp;explaining that the attacker had managed to carry out \u2018sophisticated forging of the low-level proof into one common library.\u2019<\/p>\n\n\n\n<p id=\"c0ff\">By doing so, the attacker convinced the cross-chain bridge to send them 1,000,000 BNB twice, the equivalent of $570 million at the time. In simple terms, the attacker had figured out a way of minting new BNB tokens.<\/p>\n\n\n\n<p id=\"e04f\">In this article, we explore the following related to the hack:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>How the hacker managed to mint new BNB tokens from the cross-chain bridge<\/li>\n\n\n\n<li>The attackers attempt to launder the funds on additional networks<\/li>\n\n\n\n<li>How the BNB Chain and the network validators worked swiftly to pause the network to prevent further losses<\/li>\n\n\n\n<li>Why the actions to pause the chain have reignited the debate on whether the BNB Chain is truly decentralized<\/li>\n<\/ul>\n\n\n\n<p id=\"a045\">Please read all about it in our blog article through the link below.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-omnia wp-block-embed-omnia\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"1ZSXVUwvlZ\"><a href=\"https:\/\/omniatech.io\/pages\/bnb-chain-lost-100m-to-a-hack-what-went-wrong\/\">BNB Chain Lost $100M To a Hack &#8211; What Went Wrong?<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;BNB Chain Lost $100M To a Hack &#8211; What Went Wrong?&#8221; &#8212; OMNIA\" src=\"https:\/\/omniatech.io\/pages\/bnb-chain-lost-100m-to-a-hack-what-went-wrong\/embed\/#?secret=qNsGysPIkI#?secret=1ZSXVUwvlZ\" data-secret=\"1ZSXVUwvlZ\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">&lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span> Early October 7th, CZ announced&nbsp;via Twitter&nbsp;that the BNB Smart Chain was experiencing an exploit on its cross-chain bridge, BSC Token Hub, that had resulted in the minting and transfer of extra BNB. The BNB Chain team soon published&nbsp;a blog post&nbsp;explaining that the attacker had managed to carry out \u2018sophisticated forging of the low-level proof into [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[794],"tags":[180,181,182,15,183],"class_list":["post-2661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privacy-security","tag-bnb-smart-chain","tag-cross-chain-bridge","tag-crypto-hack","tag-decentralization","tag-network-security"],"acf":[],"wbAuthor":{"name":"John P. Njui","link":"https:\/\/omniatech.io\/pages\/author\/john-p-njui\/"},"wbDate":"Oct 12, 2022","wbCategories":{"space":"<a href=\"https:\/\/omniatech.io\/pages\/category\/privacy-security\/\" rel=\"category tag\">Privacy &amp; Security<\/a>","coma":"<a href=\"https:\/\/omniatech.io\/pages\/category\/privacy-security\/\" rel=\"category tag\">Privacy &amp; Security<\/a>"},"wbComment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB Chain Lost $100M To a Hack \u2014 What Went Wrong? - OMNIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/omniatech.io\/pages\/bnb-chain-lost-100m-to-a-hack-what-went-wrong-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Chain Lost $100M To a Hack \u2014 What Went Wrong? - OMNIA\" \/>\n<meta property=\"og:description\" content=\"&lt; 1 minute Early October 7th, CZ announced&nbsp;via Twitter&nbsp;that the BNB Smart Chain was experiencing an exploit on its cross-chain bridge, BSC Token Hub, that had resulted in the minting and transfer of extra BNB. 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