Hackers Chisel 2 Million BNB Coins Worth $560 Million

Binance, the largest crypto exchange in the world by trading volume, says it suffered a sizeable hack to its BNB Chain network. Two million BNB tokens were withdrawn (worth approximately $560 million), although Binance CEO Changpeng Zhao, better known as CZ, says his team was able to take control of a majority of the funds, holding losses under $100 million. The hacker apparently targeted a vulnerability in a cross-chain bridge. The news came on the same day as new US labor data showed the jobs market remained resilient, sending crypto prices sharply lower. Nico Brugge and Ash Bennington welcome Real Vision co-founder and CEO Raoul Pal for a special edition of the Crypto Daily Briefing: an AMA session on a day of major market news. Learn more about your ad choices. Visit podcastchoices.com/adchoices