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The BNB Smart Chain (BSC) resumed operations at around 06:40 Coordinated Universal Time (UTC) as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain.
- BNB Chain, a blockchain closely linked to the crypto exchange Binance, is composed of BNB Beacon Chain and BNB Smart Chain (BSC).
??BNB Smart Chain (BSC) is running ok from 20+ mins ago.
The validators are confirming their status and the community infrastructure are upgrading as well.
— BNB Chain (@BNBCHAIN) October 7, 2022
- The BSC chain was halted earlier on Friday after an exploit was discovered that drained $100 million in crypto from the platform. $7 million of the total crypto has already been frozen.
- The platform earlier tweeted that it was in the final stages of preparing to restart the chain.
- BNB token is down 3.35% and is trading at $284.51.
UPDATE (Oct. 7, 07:13 UTC):Updates headline and lede with new information.
UPDATE (Oct. 7, 06:45 UTC): Adds details about BNB Chain.
