Browsing:Binance

Shortly after an attacker drained 2 million BNB from the cross-chain bridge, the BNB Smart Chain resumed its operations.
2 years ago 1 min read

Binance’s BSC bridge is back after the 2M BNB exploit

A message verification flaw in the BSC bridge was exploited by the attacker to transfer 2 million BNB, or about $590 million, into the Venus protocol. Shortly after an attacker drained 2 million BNB from the cross-chain bridge, the BNB Smart Chain resumed its operations. After a hacker moved about 2 million BNB, or about $590 million, to a Tether-blacklisted wallet on October 6, Binance announced the suspension of deposits and withdrawals from its BNB chain. BNB chain validators shut down native cross-chain communication as they upgraded their nodes. The upgrade’s goal was to prevent the hacker from doing more

Binance, received a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) to operate a digital asset platform
2 years ago 1 min read

Binance Secures License to Offer Crypto Services in Kazakhstan

The world’s largest cryptocurrency exchange, Binance, received a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) to operate a digital asset platform and provide custodial services in the country. The business and the Kazakhstani monetary regulators inked a Memorandum of Understanding (MoU) earlier this month to establish a secure environment for domestic cryptocurrency investors and reduce crime in the industry. Binance received preliminary authorization to market its goods and services in Kazakhstan two months ago. Even with the go-ahead, the business was still required to conduct a thorough verification in order to operate in the Asian country. According to

BNB Chain hacked for over $570 million
2 years ago 1 min read

Over $572 million worth of $BNB was recently hacked from BNB Chain

According to a blockchain developer, the attack may have been “either the first or second greatest hack of all time.” Today, the Binance blockchain, also known as the BNB Chain and the Binance Smart Chain, was shut down after a rise in “irregular activity” revealed a potential network vulnerability. At 2:19 AM Dubai time, BNB Chain tweeted the initial notification that the BSC network would be temporarily suspended. Peckshield Inc., a blockchain security and data analytics startup, tweeted on-chain analytics that revealed the network had experienced an exploit, with thieves stealing about two million BNB, the chain’s native token, valued

Binance
2 years ago 2 mins read

Binance signs MoU with Kazakhstan to fight financial crime

As part of its global law enforcement training program, the cryptocurrency exchange Binance has entered an agreement with the Financial Monitoring Agency of the Republic of Kazakhstan. The conference, which is attended by executives of international regulatory and law enforcement agencies, aims to improve industry collaboration with local, state, and federal law enforcement in the fight against financial crime and cybercrime. The program also aims to locate and ban digital assets that have been illegally acquired and were being utilized to finance terrorism and money laundering. As one of the top countries for mining Bitcoin (BTC), Kazakhstan has started developing

EazyPay has been given the go-ahead by the Central Bank of Bahrain to accept crypto payments and introduce Bitcoin to the area.
2 years ago 1 min read

Bahrain accepts crypto payments through EazyPay following a partnership with Binance Pay

EazyPay has been given the go-ahead by the Central Bank of Bahrain to accept crypto payments and introduce Bitcoin to the area. EazyPay has a partnership with Binance, the largest cryptocurrency exchange by trading volume. Through this alliance, EazyPay will be able to operate more than 5,000 POS terminals and payment gateways in Bahrain, enabling the acceptance of Bitcoin. EazyPay has a partnership with Binance, the largest cryptocurrency exchange by trading volume. Through this alliance, EazyPay will be able to operate more than 5,000 POS terminals and payment gateways in Bahrain, enabling the acceptance of Bitcoin. A QR code will

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