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Binance Bridge

Oct 6, 2022

$570M
Lost
$570M
Recovered
$0
Net loss
$570M
Unrecovered0% recovered

On October 4-6, 2022 the BNB Chain's BSC Token Hub bridge (connecting BEP2 and BEP20) was exploited via incomplete Merkle proof verification in the bridge contract, allowing an attacker to forge proofs and mint 2 million BNB (~$570 million). Binance paused the chain on October 6; roughly $137M bridged out before containment; $433M remained frozen.

Target
Bridge
Classification
Bridge & Cross-Chain
Technique
Proof Verifier Bug
Attribution
Unknown
Chains
BSC

Event timeline

  1. Oct 6, 2022
    Exploit executed — $570M drained via proof verifier bug
  2. Attributed to Unknown
  3. Recovery status Unrecovered 0%

Data credits

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