According to media reports, on the early morning of October 7th Beijing time, the smart contract platform BNBChain was attacked by hackers,In just 2 hours, 2 million coins were lootedSubsequently, Zhao Changpeng, the CEO of Coin An, who was once known as the "richest man in Chinese", stated on social media that,The current estimated amount of damage is $100 million (approximately RMB 710 million) Coin An has suspended investors' recharge and withdrawal. This issue is currently under control and the client's funds are secure
According to media reports, on the early morning of October 7th Beijing time, the smart contract platform BNBChain was attacked by hackers,In just 2 hours, 2 million coins were looted
Subsequently, Zhao Changpeng, the CEO of Coin An, who was once known as the "richest man in Chinese", stated on social media that,The current estimated amount of damage is $100 million (approximately RMB 710 million) Coin An has suspended investors' recharge and withdrawal. This issue is currently under control and the client's funds are secure. We apologize for any inconvenience caused to investors and will provide further system updates in the future
Photographic network_ five hundred million nine hundred and ninety-nine thousand seven hundred and twenty-two
2 million coins stolen by hackers within 2 hoursIndustry: This wave of hackers is not simple
According to Interface News, the Wall Street Journal reported on October 7th that the cryptocurrency exchange, Coin On, announced late Thursday local time,BinanceSmartChain blockchain network has been hacked, potentially resulting in $100 million being stolen
After detecting the vulnerability on the bridge between the two blockchains it mentioned,Coin security smart chain has suspended transactions and fund transfers Coin Security CEO Zhao Changpeng tweeted that this issue involves the cross chain bridge BSCTokenHub. Cross chain bridges can transfer digital assets and information from an independent chain transfer to another blockchain.
Zhao Changpeng said, "This issue is now under control and the client's funds are safe." He apologized for the inconvenience caused. A spokesperson for Coin An said,Preliminary estimates suggest that the funds withdrawn from the Coin Security smart chain range from $100 million to $110 million
According to China Securities News, at 2:26 am on October 7th, hackers used a security chain vulnerability to launch an attack on block height 21957793 by calling contracts, obtaining 1 million security coins. At 4:43 pm, the hacker launched another attack by calling the contract at block height 21960470 and obtained another 1 million coins.
After two attacks, hackers obtained a total of 2 million cryptocurrency (approximately $560 million) from the BNBChainBSCTokenHub, and pledged 900000 of them under the cryptocurrency lending agreement Venus, lending 62.5 million BUSD stable coins, 50 million USDT stable coins, and 35 million USDC coins.
Subsequently, the parent company of USDT coins, Tether, quickly blacklisted 4.8 million USDT stable coins on Ethereum.
According to the monitoring of the security team of the Euke Cloud Chain Guard, the hacker address (starting with 0x489A) of the coin security chain theft case has transferred 1 million coin security coins to PancakeSwap (400000 coins) and Venus (600000 coins). As of now, the balance under this address is 1.02 million coins, 41.28 million vBNBs, 28.81 million BUSDs, and 2.77 million USDTs.
The founder of Slow Mist, Yu Xian, commented that from the perspective of theft and coin washing techniques,This wave of hackers is fast, accurate, and ruthlessCoin An's response was also very rapid (suspending blockchain transactions and collaborating with Tether to freeze related funds). This wave of hackers is not simpleLet's see if we can trace the hacker's identity
According to analysis by Blue Whale Finance,Coin security chain attackers have transferred approximately $89.5 million (approximately RMB 636 million) of stolen funds to other blockchainsAbout 58% of the funds were transferred to Ethereum, about 33% were transferred to Fantom, and about 4.5% were transferred to Arbitrum.
The 'richest Chinese person' has lost over 60% of their wealth
According to data, CoinSafe Chain was launched in September 2020, aiming to provide an alternative smart contract platform for the increasingly expensive Ethereum main network. It is an independent blockchain that adopts a Proof of Rights (PoSA) consensus mechanism (where participants pledge BNB as validators). The chain is also compatible with Ethereum Virtual Machine (EVM), which means it can utilize Ethereum tools.
According to Blue Whale Finance, BNBChain was originally named BSC (Coin Security Functional Chain). The BSC public chain was initially named Binance (Coin On) SmartChain, and Coin On participated in both Coin On Chain and Coin On Smart Chain BSC. The former was launched in April 2019 and mainly opened a decentralized exchange BinanceDex; The latter was launched in September 2020 and supports the function of writing smart contracts. In February 2022, Coin An announced that the original Coin An Intelligent Chain (BSC) would be renamed BNBChain.
As an open smart contract chain, BSC can be developed by external projects, and a large number of projects are unrelated to Coin Security. But at the same time, BNB is the platform currency of Coin An Exchange and the ecological token of Coin An Smart Chain. Many projects invested by Coin An, such as Venus, operate on the BSC chain, and Venus and PancakeBunny have experienced risk issues. As of the time of publication, the price of BNB is approximately $285, a decrease of 3% in 24 hours.
Since the beginning of this year, the virtual currency market has experienced multiple dives.
On the evening of October 6th Beijing time, the price of Bitcoin once again fell below the $20000 mark, a cumulative drop of over 71% from the high of $69000 per coin set in November last year.
At the same time, Zhao Changpeng, who just topped the world's richest Chinese man in November last year, also lost his fortune in this round of consecutive declines. According to the Bloomberg Billionaires Index, as of October 7th,Zhao Changpeng's wealth is only 34.1 billion US dollars (approximately 242.7 billion yuan), which is more than 60% lower than his personal wealth of 96 billion US dollars in January this year
Edit|Duan Lian Du Hengfeng
Proofreading|Liu Xiaoying
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