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The Milk Road Show
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Binance Fintech Hack - What Happened to 500 Million?
Binance has two chains, one which supports its app ecosystem and their smart contract ecosystem. One of those chains was hacked by somebody who created a fake proof. In creating this fake proof, they were able to create basically create 2 million BNB to give to themselves. They minted it like it wasn't in existence before. So they like the Fed. That's fine. I'm not against that. But you've got to give them an escape route. Otherwise, it's like jail,. You know, all right.
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