After the $100 million BNB Smart Chain hack, hard fork starting today starting at 3 pm WIB for “patching”.
For beginners in the blockchain world, not a few do not expect that the blockchain technology that is touted as “anti-hacking”, has also been successfully breached, especially the large blockchain managed by Binance.
The massive hack that resulted in the theft of $100 million worth of crypto, prompted the core developer of BNB Smart Chain to patch the huge loophole by doing hard fork.
Hard fork is the term for doing upgrade on the blockchain system and is commonly applied in the event of a weakness.
Indication hard fork it was found on the blockchain data it was in Githubthat upgrade will be done on block 22.107.423 or approximately at 08.00 UTC (15.00 WIB) today.
“Changes will include fixing vulnerabilities in checks iavl hash and introduce block header in order check,” wrote Cointelegraph.
Although the hard fork does not affect ordinary users, the operator node must follow several important steps, such as stopping activity nodes if it’s still running and replace it with the new binary data.
Vulnerabilities in service bridge on BNB Chain caused a system outage on October 6, 2022.
“The hack happened to the BSC Token Hub, resulting in the issuance of additional BNB,” saidelas BNB Chain and confirmed by Changpeng Zhao.
The BNB Smart Chain Hack and the Disappearance of US$100 Million Crypto
The hack was acknowledged by BNB Chain on Twitter, a few hours after the incident, Friday (7/10/2022) early in the morning.
“We confirmed that we have suspended the BNB Chain blockchain for the time being, after we discovered an exploit,” call it.
In a subsequent tweet, BNB Chain said the “floating” crypto was worth US$70 million-80 million. Binance boss Changpeng also confirmed it, the hack took place in cross-chain bridgee, BSC Token Hub.
“Exploitation occurred against BSC Token Hub. We have asked all validators to suspend their activity.” call it.
Initially, Changpeng Zhao posted on Reddit and said that the estimated hack was equivalent to around US$100 million.
BNB Smart Chain hacking certainty confirmed by cybersecurity company, Peckshield, that $100 million worth of crypto was hacked from the blockchain. Such a large value is based on the total exchange rate of cryptocurrencies when the hack occurred.
A few hours later, Peckshield published several cryptocurrencies that were victims of a vicious hack that totaled over US$89 million, based on the latest exchange rates. [ps]