The biggest news in the cryptosphere for Oct.7 includes Binance fixing the BSC bridge exploit after 2 million BNB were stolen, Bitcoin’s sinking following new U.S. payroll data, and the second group of attackers taking advantage of the BSC bridge exploit to steal over 60 ETH from Binance by creating a coin.
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Binance resumes BSC bridge operation after 2M BNB exploit
Binance (BNB) suspended deposits and withdrawals from its BNB Smart Chain on Oct.6 due to an exploit. A hacker managed to stole 2 million BNB.
In the early hours of Oct. 7, Binance announced that the problem was fixed, and the chain resumed operation.
.@BNBCHAIN is back online. We have now resumed @BNBCHAIN deposits and withdrawals on #Binance.
Thank you for your patience. https://t.co/icZvlWaHGi
— Binance (@binance) October 7, 2022
Bitcoin sinks as U.S. payroll data shows 263K new jobs added in September
The U.S. Bureau of Labor Statistics (BLS) disclosed non-farm payroll data for September. The data indicated that employment had increased by 263,000 new jobs, which pulled the unemployment rate at 3.5% below the expected 3.7%.
Bitcoin (BTC) responded to this news by decreasing by 1% on the 15-minute candle to see $19,800.
Grifters rug over 60 ETH from spoof token created after Binance exploit
Some malicious actors took advantage of the Binance cross-chain exploit by creating a token “BNBHACKERINU” immediately after the attack. Attackers used it to steal over 60 Ethereum (ETH).
The attacker dedicated his address as the lead deployer, which allowed him to take BNBHACKERINU tokens out of wallets and transfer them anywhere he wanted. By doing so, the attacker minted over one quadrillion tokens.
According to on-chain sleuth ZachXBT, this attacker was not the same as the ones who exploited the cross-chain bridge.
Sushi price rises 6.6% following $5.3M investment from GoldenTree
CryptoSlate data showed that Sushiswap (SUSHI) spiked by 6.6% in the last 24 hours. It has been following an upward trend throughout the month, recording a 24.4% increase in seven days and a 19% surge in the last 30 days.
Analysts tied the positive sentiment in SUSHI to the $5.3 million investment the project acquired from a private asset management firm called GoldenTree.
Luna Foundation blames litigations for non-distribution of assets to Terra holders
Luna Foundation Guard (LFG) tweeted to say that it has been trying to distribute the remaining assets of the Terraform Labs to token holders to cover up…
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