zhao Archives - Blockmagic

What happened in the $100 Million Binance Bridge hack?

Blockmagic
Posted on October 27, 2022

An exploit on a cross-chain bridge that stole about $100 million in digital assets was discovered by BNB Chain, a blockchain connected to the Binance cryptocurrency exchange. This was reported by hackers news.com BSC Token Hub, a native cross-chain bridge connecting BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20 or BSC), was impacted by…

Global regulations

Binance’s CZ: “Fantastic,” Strict Crypto Rules in Europe for Stablecoins

Blockmagic
Posted on September 16, 2022

Changpeng Zhao, called CZ, the founder and CEO of Binance, gave a speech at the Binance Blockchain Week Paris 2022. In his speech, CZ praised the “excellent” MiCA (Market in Crypto Assets) planned crypto regulations for Europe. The restrictions were a touch too stringent, according to the founder of the biggest cryptocurrency exchange in the…

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