The exploit hit the Binance Bridge allowing the attacker to withdraw 2M BNB tokens.
  • InevitableSwing [none/use name]
    ·
    2 years ago

    If a criminal broke into a casino and stole $570 million in tokens from people - it would be remembered as one of the biggest crimes ever.

    I bet the Binance token theft will be forgotten within a matter of days. A week tops.

    • happybadger [he/him]
      ·
      2 years ago

      It already doesn't seem to have impacted the price of bitcoin, which did go from $20k>19.4k today but has already been cycling like that because it's dumbass dollars. If I saw that a major bank was robbed or defaulted and FDIC insurance didn't protect its members, I'd withdraw my money from an entirely different bank chain in anticipation of things getting worse. There's nothing to stop the same thing happening at my bank tomorrow and no cavalry over the hill.