BNB Chain, the native blockchain of Binance Coin (BNB) and the Binance crypto exchange, has been subject to security-related developments over the last month.
However the suspension was brief, as the BNB Chain Team announced the network was back online early on Oct. 7, just hours after the attack. As the network regained activity its validators confirmed their location and were asked to upgrade the community infrastructure.
It also reported 26 active validators on the BNB Smart Chain during the incident, with 44 in total in different time zones.In addition to official numbers related to the incident, the BNB Chain highlighted its next steps to ensure future network security against potential exploits. In August a report from Chainaylsis revealed that $2 billion in crypto was stolen from cross-chain bridges in the last year alone. This includes major exploits such as the $190 million Nomad Bridge incident.
“Ultimately, the end user can follow good security practices, but without the integration of real-time monitoring and incident response by the developers, users remain at their mercy.”
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