Binance is ‘narrowing down’ identity of hacker behind $570 million crypto attack, CEO says
watch now VIDEO 3:28 03:28 Need regulation to be pro-innovation, says Binance CEO Squawk Box Europe Cryptocurrency exchange Binance is getting closer to figuring out the identity of a hacker that orchestrated a $570 million hack on its BNB blockchain, CEO Changpeng Zhao told CNBC Monday. After getting some tips from law enforcement on who the hacker might be, Binance is now "narrowing down" the person or persons behind the attack, Zhao said in an interview on CNBC's "Squawk Box Europe." The attack in question saw a so-called cross-chain bridge targeted, allowing an as-yet unknown hacker or hackers to withdraw 2 million of Binance's BNB tokens worth around $570 million at the time. More than $1 billion has been lost to breaches on cross-chain bridges so far this year, tools that facilitate the swift transfer of tokens from one blockchain platform to another, according to Chainalysis data. Popular in the world of "DeFi," or decentralized finance, ...