BNB Blockchain hack! - page 3. | Bitcointalksearch.org

zasad@

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Quote from: Juicy_D on October 07, 2022, 07:23:57 AM

It happened unexpectedly. But then it happened.

https://cryptopotato.com/heres-how-the-multi-million-bnb-chain-hack-went-down-paradigm-researcher/

One thing I know for sure is that, the Security architecture of BNB Blockchain has improved following it's hack.

This is not a blockchain problem, one of the bridges in the Binance smartchain ecosystem was hacked, so CZ decided to suspend transactions in the ecosystem to prevent the hacker from doing more harm to other projects.
Temporary Pause of BSC
https://www.reddit.com/r/bnbchainofficial/comments/xxjkpy/temporary_pause_of_bsc/

cryptoaddictchie

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Quote from: Juicy_D on October 07, 2022, 07:23:57 AM

One thing I know for sure is that, the Security architecture of BNB Blockchain has improved following it's hack.

You mean the latest hack? For sure they will add extra layer of security or any means to improve the defense as much as possible to avoid such panic and chaos on some of the holders of bnb. A hack could create panic selling and CZ and his team are fast to move and handle the problem. But shutting down the network is completely a big failure to a big chain like them. Well thats a con of being a centralized project but thumbs up for CZ doing a counter measure to the problem right away.

Coin_trader

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This issue is contained after CZ immediately asked validator to suspend BSC. This is what CZ planned at the beginning when he introduced blockchain to immediately contained hack scenario in the blockchain which a decentralized blockchain can’t do quickly. CZ learned a lot of lesson on ETH big time hacks before that cause them split blockchain.

Of course many will not agree about this kind of centalization but this is beneficial on scenario like this because they can act quickly to contained the possible the damage. I believe this is a disaster if this issue occurs on Ethereum blockchain. Good for Binance they are lucky to notice the issue quickly.

Juicy_D

newbie

Activity: 19

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It happened unexpectedly. But then it happened.

https://cryptopotato.com/heres-how-the-multi-million-bnb-chain-hack-went-down-paradigm-researcher/

One thing I know for sure is that, the Security architecture of BNB Blockchain has improved following it's hack.

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