The BNB Smart Chain (BSC) resumed operations at around 06:40 Coordinated Universal Time (UTC) as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain.
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BNB Chain, a blockchain closely linked to the crypto exchange Binance, is composed of BNB Beacon Chain and BNB Smart Chain (BSC)
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The BSC chain was halted earlier on Friday after an exploit was discovered that drained $100 million in crypto from the platform. $7 million of the total crypto has already been frozen.
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The platform tweeted at 06:00 UTC that it was in the final stages of preparing to restart the chain.
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The price of BNB is down 3.35% and is trading at $284.51.
UPDATE (Oct. 7, 07:13 UTC):Updates headline and lede with updated information.
UPDATE (Oct. 7, 06:45 UTC): Adds details about BNB Chain.
