Binance hack reveals crypto's weaknesses

Originally published at: Binance hack reveals crypto’s weaknesses - Daily Fintech

Binance is the world’s leading cryptocurrency exchange. It wasn’t hacked. Hackers stole $570M in tokens from Binance, the world’s largest cryptocurrency exchange. The hack targeted the BSC Token Hub, which serves as a link between two Binance systems. Binance reported in a blog post that an exploit affecting a cross-chain bridge between their BNB Beacon…