- Index hide
The Ethereum cryptocurrency has stood out as the one with the greatest institutional dominance.
Mexico ranks 15th out of 26 countries in terms of adoption of digital currencies.
Investing in this crypto asset is quite popular in India.
The use of crypto assets in the world continues to be very popular with the passage of time. Given the popularity of this digital currency, it was revealed that hackers stole around 100 million dollars in cryptocurrencies from a chain of blocks linked to Binance.
It is no secret to anyone that cryptocurrencies are increasingly accepted in the market, to the point where many businesses in the world and in Mexico already allow them as a means of payment.
According to information shared by the Santander Bankcryptocurrencies are digital assets that use cryptographic encryption to guarantee its ownership and ensure the integrity of transactions, and control the creation of additional units.
Despite its popularity, cryptocurrencies have also been affected after a sharp drop, losing just over 200 billion dollars, an increasing number of people decide to invest a significant percentage of their assets in digital assets, where according to data from Statista Global Consumer Survey, investment in this crypto asset is quite popular in India, where in 2021 18 percent of respondents said they own bitcoins or altcoins.
In that sense, Mexico ranks 15th among 26 countries in terms of adoption of digital currencies, according to the Finder Cryptocurrency Adoption report August 2022. Where globally, the ownership rate is 15 percent, based on the August 2022 report.
Cryptocurrency stolen from Binance
This Friday, the CEO of Binance, Changpeng Zhao, through a tweet, reported that hackers stole around $100 million in cryptocurrencies from a blockchain linked to Binance.
In the post, Zhao said that the tokens were stolen from a blockchain “bridge” used on the Binance-linked blockchain called BNB Chain, known as Binance Smart Chain until February.
Our 150-strong global security team works on the front lines to combat cybercrime across the globe. Do other financial institutions do that proactively? https://t.co/IUrfLaSAIQ
— CZ 🔶 Binance (@cz_binance) October 7, 2022
In terms of crypto assets, blockchain bridges are tools used to transfer cryptocurrencies between different applications.
BNB Chain explained in a tweet that the hack involved $100 million, to $110 million, in digital tokens, without specifying which token was affected.
“Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly, ”she added in another message on the social network.
So far, the cryptocurrency company rested what was the reason for the hack, explaining that “You have to give developers time to fully understand the root cause, implement the fixes, thoroughly test them, and then resume. Let’s not rush now. Thank you for your understanding, patience and support.”
For its part, in a statement, Binance clarified that “it does not exercise control over BNB Chain. BNB Chain is a community-driven, decentralized blockchain powered by
BNB. It is the largest smart contract blockchain in the world in terms of daily active users. To date it has processed 3 billion transactions across 163 million unique addresses, giving developers broad access to users, with very low gas fees and zero downtime since its inception.”
In that same order, the text explains that the ecosystem has more than 1,400 active dApps in various categories such as DeFi, Metaverse, blockchain gaming, NFT and more. “Initially, the Binance community supported the BNB chain by bringing dApps and initial validators to the blockchain. Since then, the BNB chain has operated independently”, they highlight in the statement.
In recent months, blockchain bridges have become more and more the target of thefts by cybercriminals, which is why this type of news has become very common. Such as the case of a group of hackers who used an elaborate fake job scheme to steal over $600 million in cryptocurrency from the Non-Fungible Token (NFT)-based online game Axie Infinity.
This type of theft demonstrates to the companies that are dedicated to this industry that they have to improve the security they provide to their users in order to avoid this type of theft that affects millions of people.
Now read:
Chart of the Day: The Variable Volatility of Cryptocurrencies
Another cryptocurrency exchange suspends withdrawals, will it be yours?
Cryptocurrencies are positioned as a strong bet for industries