Do repost and rate:
The BNB Smart Chain (BSC) is expected to be back online by 06:00 Coordinated Universal Time (UTC) as chain validators are working to push out an update that will freeze hacked accounts.
- Binance halted the BSC chain earlier 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 price of BNB is down 4% on-day, currently trading at $283.
- BNB Chain, a blockchain closely linked to the crypto exchange Binance, is composed of BNB Beacon Chain and BNB Smart Chain (BSC).
UPDATE (Oct. 7, 06:45 UTC): Adds details about BNB Chain.
