Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • Chainsaws Global Market 2024 To Reach .07 Billion By 2028 At Rate Of 10.5%
    Chainsaws Global Market 2024 To Reach $7.07 Billion By 2028 At Rate Of 10.5% World News
  • Gary Kasparov and Alexey Arestovych on western civilization in light of war in Ukraine.
    Gary Kasparov and Alexey Arestovych on western civilization in light of war in Ukraine. World News
  • Datar Cancer Genetics To Share Key Scientific Findings at the 2024 American Society of Clinical Oncology Annual Meeting
    Datar Cancer Genetics To Share Key Scientific Findings at the 2024 American Society of Clinical Oncology Annual Meeting World News
  • Barsatie Enterprise Reveals Two New Best In-Class, GDPR-Compliant Cloud Solutions For International Business
    Barsatie Enterprise Reveals Two New Best In-Class, GDPR-Compliant Cloud Solutions For International Business World News
  • War Day 247: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 247: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • FAA Summer 2023 NYC Operational Summit Readout
    FAA Summer 2023 NYC Operational Summit Readout Aviation
  • Key Trend IN The Manga Market 2024-2033
    Key Trend IN The Manga Market 2024-2033 Business
  • Market Share, Segments, and Emerging Trends
    Market Share, Segments, and Emerging Trends World News
ChangeNOW Shares Its Internal Review of the BNB Smart Chain Hack

ChangeNOW Shares Its Internal Review of the BNB Smart Chain Hack

Posted on October 11, 2022 By NewsEditor
ChangeNOW Shares Its Internal Review of the BNB Smart Chain HackChangeNOW Shares Its Internal Review of the BNB Smart Chain Hack
ChangeNOW Shares Its Internal Review of the BNB Smart Chain Hack
ChangeNOW on the BNB Smart Chain Hack


NEW YORK - October 11, 2022 - (Newswire.com)

ChangeNOW, an instant crypto exchange service, shares the internal review of the incident on the Binance Smart Chain hack.

As reported by the SlowMist blockchain security firm on Oct. 7, the initial funds for the BNB Smart Chain attack came through the instant crypto exchange service ChangeNOW. 

The hacker performed a double spending attack and stole 2 million BNB from the BSC Token Hub bridge, consequently trying to launder over half a billion dollars. Such protocols as Uniswap, SushiSwap, PancakeSwap, Alpaca Finance, and Curve Finance were also used by the attacker to move crypto before the hack, in addition to ChangeNOW.io. 

Here are the results of an internal investigation that ChangeNOW instant exchange service conducted following the hack. 

ChangeNOW Reviews the Situation

The funds that SlowMist mentions in its report were swapped through ChangeNOW before the BSC hack. As the sender address had never been involved in fraud, ChangeNOW's AML system confirmed the exchange.  

The swap was completed, and the funds went to the recipient wallet - a newly created address with a clean transaction history. As soon as ChangeNOW learned about the hack, it immediately blocked this address.

BNB Smart Chain Hack: Chain of Events

After exchanging coins on ChangeNOW, attackers directed the funds to BSC Token Hub - a cross-chain bridge that allows swapping assets between BNB Beacon Chain and BNB Smart Chain. They exploited a critical vulnerability that allowed them to carry out a double spending attack. 

Later, hackers sent 2 million BNB to the Venus lending protocol. The service issued a statement where it described two scenarios for the attackers: hackers can refund their loan (and return liquidity to the protocol), or their account will be liquidated in case they disappear with stablecoins they had borrowed. 

Once malicious activity was detected, Binance CEO Changpeng Zhao asked all validators to temporarily suspend BSC. Network operation was resumed later, following a "hot fix and hard fork release." Hackers laundered about $100M worth of BNB. 

ChangeNOW and Customer Protection 

According to ChangeNOW's Corporate Responsibility policy, the service is striving to make the crypto industry a safer place. The platform's AML system and tight cooperation with the community have helped combat cryptocurrency-related crime multiple times and return millions of dollars to fraud victims. 

Changenow.io's review of the BNB Smart Chain hack hints that this case is not an exception - the platform reaffirms it will continue to monitor the situation and is assisting the community and law enforcement to help tackle the consequences of the attack. 

***

ChangeNOW is a user-friendly platform for instant, limitless, and registration-free cryptocurrency exchange, founded in 2017. Currently, there are almost 1,000 coins available on the platform for exchange. As a non-custodial service it doesn't store users funds.

Website | Twitter | Reddit | YouTube


Contact Information:
Anna M
CMO
anna.m@changenow.io


Press Release Service by Newswire.com

Original Source: ChangeNOW Shares Its Internal Review of the BNB Smart Chain Hack
Business

Post navigation

Previous Post: Custom Legal Marketing Wins WebAward and W3 Gold Award for the Sommers Schwartz Website
Next Post: ReoStar Signs LOI With L. Myers Associates for Acquisition

Related Posts

  • Sound Reinforcement Market Size, Share, Trends And Global Outlook For 2023-2032
    Sound Reinforcement Market Size, Share, Trends And Global Outlook For 2023-2032 Business
  • LoginRadius Breaks CIAM Barriers with Three Developer-First Innovations
    LoginRadius Breaks CIAM Barriers with Three Developer-First Innovations Business
  • VIKOC Launches Influential Post-Sharing Feature, Offering New Collaborative Opportunities for Brands and Influencers
    VIKOC Launches Influential Post-Sharing Feature, Offering New Collaborative Opportunities for Brands and Influencers Business
  • Jerry Brodsky Launches New Construction Law Firm After Decades of Industry-Leading Practice
    Jerry Brodsky Launches New Construction Law Firm After Decades of Industry-Leading Practice Business
  • Luxury Fertility & Surrogacy Concierge, First-of-Its-Kind. IMA ART Fertility
    Luxury Fertility & Surrogacy Concierge, First-of-Its-Kind. IMA ART Fertility Business
  • Menteri Koordinator Bidang Kemaritiman dan Investasi Republik Indonesia dan Delegasi Berkunjung di BGI Group
    Menteri Koordinator Bidang Kemaritiman dan Investasi Republik Indonesia dan Delegasi Berkunjung di BGI Group Business
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • War in Ukraine, Analytics. Day 1229: Why American Aid Will Not Help. Arestovych, Shelest.July 22, 2025
  • Thousands Unite Globally for The Trueness Project’s ‘Grand Butterfly Gathering’ to Promote Peace and TransformationJuly 22, 2025
  • Household Cleaners Market is Expected to Develop at a CAGR of 4.6% from 2022 to 2031July 22, 2025
  • Global Nomad Pass Members Now Get Airport Lounge Access Worldwide Through New Lounge Pass PartnershipJuly 22, 2025
  • War in Ukraine, Analytics. Day 1236: Ministers Changed. Trumps Ultimatum. Arestovych, Shelest.July 22, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Kingsview Wealth Management Named to PSN Top Guns List of Best Performing Strategies for 4Q 2023
    Kingsview Wealth Management Named to PSN Top Guns List of Best Performing Strategies for 4Q 2023 Business
  • Dr. Christine Kozachuk Founder of Every Girl Wins Makes Her Way to the World Stage
    Dr. Christine Kozachuk Founder of Every Girl Wins Makes Her Way to the World Stage World News
  • Secretary Blinken’s Meeting with German Foreign Minister Baerbock
    Secretary Blinken’s Meeting with German Foreign Minister Baerbock World News
  • Secretary Antony J. Blinken Opening Remarks Before the House Committee on Foreign Affairs On the FY24 Department of State Budget Request
    Secretary Antony J. Blinken Opening Remarks Before the House Committee on Foreign Affairs On the FY24 Department of State Budget Request World News
  • The Growth Of The ATV And UTV Market To Grow With Global Surge In Awareness About Reducing Greenhouse Gas Emissions
    The Growth Of The ATV And UTV Market To Grow With Global Surge In Awareness About Reducing Greenhouse Gas Emissions World News
  • War Day 115: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 115: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Edison Aerospace to Present at NAAA convention
    Edison Aerospace to Present at NAAA convention Business
  • Platinum Patios and Pavers is Expanding Its Operations by Opening a Branch in Indianapolis
    Platinum Patios and Pavers is Expanding Its Operations by Opening a Branch in Indianapolis Business
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .