Three months ago, Cadillac revealed a “show car” version of the Celestiq, the brand’s ultra-luxury battery-powered sedan. Today, I got to spend time with the production model, and yowza, this is a damn fine-looking automobile with a sky-high price tag to boot.
Hacker steals $570 million of crypto tokens from Binance’s BNB Chain
It’s been a rough year for cryptocurrency, and things are not looking any better after over half a billion dollars of cryptocurrency tokens were stolen from crypto giant Binance on Thursday night.
The exploit hit the Binance Bridge, a cross-chain bridge that allows for the transfer of tokens between two related blockchains operated by the Binance cryptocurrency exchange, and collectively known as BNB Chain. According to well-known smart contract analyst samczsunthe attacker was able to forge transactions that allowed them to withdraw two million BNB tokens from the bridge, worth roughly $570 million.
Funds estimated at around $87 million were removed from the BNB ecosystem entirely; but the remaining funds could not be transferred immediately because BNB Chain took the drastic step of halting the blockchain entirelymeaning no transactions whatsoever could be processed.
“An exploit on a cross-chain bridge, BSC Token Hub, in extra BNB,” Binance CEO Changpeng Zhao said in a tweet posted soon after the attack. “We have asked all validators to temporarily suspend BSC [Binance Smart Chain].”
A tweet from the BNB Chain account said that the blockchain was running again as of the early hours of Friday morning. in an “ecosystem updates,” the BNB Chain team apologized for the exploit, and said that the project would hold a series of on-chain governance votes to determine whether to freeze the hacked funds, and if a bounty should be offered for catching the hackers responsible.
“Looking at the broader picture, we have seen a