Security

Venus

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/bnbchains-cross-chain-bridge-loses-over-62-5-million-in-exploit/">BNBChain’s Cross-Chain Bridge Loses Over $62.5 million in Exploit!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The BNBChain’s Cross-Chain Bridge (0x489a) suffered a major exploit resulting in a loss of over $62.5 million in $vBNB tokens. Security firm Peckshield highlighted vulnerabilities in the cross-chain bridge’s security architecture, drawing attention from investors and security experts. Venus Protocol, a DeFi platform, stepped in to rectify the situation and restore the exploiter account to a healthy state through a whitelisted liquidation process. The incidents emphasise the importance of conducting thorough due diligence before engaging with DeFi projects and cross-chain bridges and highlight the need for continuous efforts to enhance blockchain networks’ robustness.</p>

BNBChain’s Cross-Chain Bridge Loses Over $62.5 million in Exploit!

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