As part of the upgrade, enhanced features will be introduced to make cross chain bridges saferBNB chain is the most attacked chain in the first quarter of 2023, with 33 hacker attacks and exploit incidentsAccording to the blog article, the BNB Smart Chain Main Network will conduct a scheduled hard fork called "Planck" on April 12th. It is expected that this upgrade will improve the security and stability of the network
- As part of the upgrade, enhanced features will be introduced to make cross chain bridges safer
- BNB chain is the most attacked chain in the first quarter of 2023, with 33 hacker attacks and exploit incidents
According to the blog article, the BNB Smart Chain Main Network will conduct a scheduled hard fork called "Planck" on April 12th. It is expected that this upgrade will improve the security and stability of the network.
In order to continue normal operation, this upgrade requires all node operators to switch the software version to v1.1.21 before April 12th.
Key security enhancements
The cross chain bridge between BeaconChain and SmartChain will become more powerful by introducing multiple security enhancements as part of the upgrade. Some of these features include enabling the validator to pause cross chain channels, automatically pause when forged proof is detected, and applying timer locking for large cross chain transmissions.
This update was released at a time when BNB Chain became notorious for increasing cross bridge hacker attacks. It was the center of last October's sensational $570 million hacker attack. The attacker discovered a vulnerability in the cross chain bridge and depleted approximately 2 million BNB tokens. After the hacker invaded, BNBChain had to perform an emergency hard fork to fix the vulnerability.
Unfavorable start to 2023
Web3 ImmuneFi BNB chain is the most attacked chain in the first quarter of 2023, with 33 hacker attacks and exploit incidents
The report found that in the first quarter of 2023, approximately 73.3% of carpet pulling occurred on BNBChain. Carpet pulling is a scam where the team hypes up a project to attract investors' funds, but later abandons it and takes away investors' assets.
Adrian Hetman, technical leader of the ImmuneFi diversion team, pointed out that,
In addition, Coin Security has been working hard to address many regulatory issues recently. As of press time, the value of its original token BNB was $313.71, down 0.62% in the past 24 hours.
According to Santiment, for most of March, weighted emotions showed a downward trend in the negative area. One of the reasons may be a decrease in profit trading volume, which prevents investors from betting heavily on exchange tokens.
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