BNB Chain faces $80K Bitcoin exploit. White hat hacker or ongoing exploit?

Certain on-chain signs point to a potential white hat, or ethical hacker, looking for blockchain vulnerabilities.

Approximately $80,000 worth of Bitcoin (BTC) was lost in a potential exploit on the BNB Chain involving multiple suspicious transactions.

While $80,000 is considered a small amount compared to the average crypto exploits, it raised questions about the attacker’s intentions.

While the exploited token contract is still unknown, the attacker could be a white hat hacker, or ethical hacker, who uses his skills to find security vulnerabilities, according to on-chain security firm Cyvers. The firm wrote in a May 28 X post:

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