Binance has $570 million of BNB tokens stolen in crypto hack

Nearly 2 million BNB tokens amounting to $570 million were taken during a recent cross-chain bridge hack.


Cryptocurrency exchange Binance is currently dealing with the aftermath of a massive hack, with the company confirming that a cross-chain bridge linking its BNB Chain was targeted on Thursday. With this cross-chain bridge exploit, hackers were able to move a substantial amount of BNB tokens off-network. Thus far, a reported 2 million BNB tokens were withdrawn which amounts to approximately $570 million based on current token prices.

To prevent further losses, Binance has been working with network validators to suspend the creation of new blocks on BSC, along with suspending all transaction processing in order to give a team of developers room to investigate the hack. According to a Binance spokesperson in a statement made to CNBC, the company presently has 26 active validators, with 44 total across various time zones.

Binance name and logo on a yellow background.
© Binance

“An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC,” tweeted Binance CEO, Changpeng Zhao. “The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly.”

It’s noted in reports from outlets like CNBC that BNB Chain has since resumed operations. Elaborating further on what happened in a blog post, the Binance team echoes what Changpeng Zhao tweeted in assuring that the “vast majority of the funds remain under control.”

BNB token value as of October 7, 2022 from CoinMarketCap showing the current price at $282.91.
© CoinMarketCap

As a result of the hack, the value of BNB dropped over 3 percent on Friday to $285.36 a coin according to CoinMarketCap. For more on the Binance hack, be sure to read through the full report from CNBC, and check out some of our previous coverage including Congress asking Binance alongside other digital asset exchange companies like Coinbase and FTX for additional info on the over $1 billion in crypto fraud that it’s investigating.

Senior Editor

Morgan is a writer from the frozen wastelands of Maine who enjoys metal music, kpop, horror, and indie games. They're also a Tetris fanatic who's fiercely competitive in games like Tetris 99... and all games in general. But mostly Tetris. You can follow Morgan on Twitter @Author_MShaver.

From The Chatty
  • reply
    October 7, 2022 1:15 PM

    Morgan Shaver posted a new article, Binance has $570 million of BNB tokens stolen in crypto hack

    • reply
      October 7, 2022 12:31 PM

      Binance, the world’s biggest cryptocurrency exchange, confirmed on Friday that $570 million had been stolen in a hack of a blockchain it runs that serves as a bridge for asset transfers between networks.

      Wondering when the last time someone hacked and stole my ETFs.

      • reply
        October 7, 2022 12:45 PM


      • reply
        October 7, 2022 3:24 PM

        The Wild fucking West.

      • reply
        October 7, 2022 4:10 PM

        Probably some kind of bridge troll

      • reply
        October 10, 2022 7:24 PM

        Investment fraud is growing hugely and I advice the public to stay away from these fraudulent companies. For those who are victims to this scams like myself, I strongly recommend you to approach an Pro asset recovery. I invested almost $270000 and was unable to get my hard earn money back from an unregulated company that kept demanding for more deposits. Proasetrecoveryexpert has successfully recovered investment for their clients. I have hired them as well and they did not disappoint, they recovered all of my money at no upfront cost. If you are also a victim,
        Contact them via mail; { PROASSETRECOVERYEXPERT (@) GMAIL COM }

    • reply
      October 7, 2022 1:58 PM

      Crypto is definitely the currency of the future

      Cryptocurrency exchange Binance temporarily suspended its blockchain network after hackers made off with around $570 million worth of its BNB token.

      • reply
        October 7, 2022 1:59 PM

        So secure wow

      • reply
        October 7, 2022 2:07 PM


        was on a billboard in Austin that I used to pass every day. What does that even mean?

    • rms legacy 10 years legacy 20 years mercury super mega
      October 7, 2022 3:23 PM

      So did this all go directly to russia

    • reply
      March 13, 2023 12:43 AM

      Being scammed is nothing strange on the internet. It happened to me where I lost $113,070 worth of BTC to a scammer. Of course I wouldn't let it go. So I started searching around for a professional who could help me out. I was pointed to the direction of who are a group of elites who specialize on on-chain and off-chain analytics and use modern crypto forensic tools. With simple details such as transaction IDs and TXs, they were able to brute the scammers wallet and retrieve the lost funds. It took them less than a week. If you're in a similar situation needing access to lost crypto to scammers or locked out from your own wallet, I would recommend them highly.

      their email:
      I know they'll help!

      • reply
        June 6, 2023 10:43 PM is such a real professional! They helped me with the novatechfx withdrawal issue! I got $23,000 of my deposit back!!!

      • reply
        July 17, 2023 1:36 PM are just next level hackers I must say!!! They just helped me recover $130,000 I had lost. I was lucky I was told to trust them and they delivered my money. If you need hackers qualified and tested to recover your money whether bitcoin, usdt, just any crypto, thecybergoat team of hackers are just the best!!

    • reply
      May 6, 2023 9:51 AM

      I happened to get swindled $30,044 of BTC to an online investment scheme. Obviously I would let them go. I was suggested to try out who are elite pros when it comes to the blockchain hacking services. I reached out and with simple requirements such as the TX ID from the transaction we had, they were able to trace down the scammers wallet and recover my funds. is the most recommended so far. No regrets, I can assure you!!

      • reply
        June 6, 2023 10:45 PM

        I 100% agree with you about, such a valuable asset to have!!

      • reply
        July 17, 2023 1:38 PM are the best hackers currently for sure!!

    • reply
      July 12, 2023 5:25 AM

      Crypto investment is the fastest growing investment that one can actually do from the comfort of their homes. I had been investing in Bitcoin for a while now and just leaving it there watching the profit growing bit by bit but I wanted more so when Kate told me about an investment trading group that she had be investing with I liked the opportunity, it was something I wanted but it was too good to be true as well , she convinced me to trust her and sent me proofs of her successful investments with the company as well so that made me to register with the company . Fast forward to 2 months later when I had invested over 40k with the company and I wanted to cash out, they told me I needed to upgrade my account by paying a refundable fee so i paid and then the withdrawal fee which I also paid as well , then they asked me to pay a maintenance fee and I refused cos I didn’t have any money left so they restricted me access to the website. I told a friend about the situation and he referred me to a recovery Hacker with the contact address SWIFTRECOVERY001 @ G M A I L . C O M, I wrote to him and the rest was history ... he successfully recovered my initial investment and 100% of the profit I have accumulated over the months . I’m very Grateful to SWIFT RECOVERY and I have referred him to one of my friends as well ... you can reach out to him as well for assistance if you’ve been in a similar situation with these online fraud companies.

    • reply
      August 6, 2023 12:49 PM

      I have always thought recovery of money or cryptocurrencies was a scam till I met ProAssetRecoveryExpert@ Gmail com, who recently recovered coins worth about 30,000 dollars. Proassetrecovery is legit!

    • reply
      September 26, 2023 4:13 PM

      A new technology was detected for the recovery of lost cryptocurrency by A hacker, this technology is currently used by Adrian Lamo Hacker. They are best at recovering cryptocurrency and lost accounts, this hacker has been helping a lot of people to recover their lost funds most especially me I lost $147,000 to a fake wallet Address Adrian Lamo hacker recovered it the same day I brought the case to them, if you’re in these same issues or case you can as well report your case to them through their email:

Hello, Meet Lola