Blockchains and Decentralization in the Cryptocurrency Industry

The hacker was able to pretty quickly move, as you mentioned, about a hundred million off of this chain on to other chains and start liquidating it. Binance was able to get a hold of all of the validators who run the Binance smart chain and convince them that it would be in their best interest for them to halt it until they could come up with a way to return those assets to the bridge. The reason they're not like one of the benefits of not being decentralized is for security reasons.