Jump Crypto Detects Critical Flaw in BNB Beacon Chain and BNB Team Has Fixed It

Jump Crypto published an article on its website saying that they have discovered a vulnerability in the Binance BNB Beacon Chain, which is the governance and staking layer of Binance BNB Chain. The vulnerability would have allowed an attacker to mint an infinite number of arbitrary tokens on the Binance BNB Chain, which could have led to a large loss of funds.

Jump Crypto's dedicated security team privately disclosed the issue to the Binance BNB team, who then developed and deployed a patch in less than 24 hours. Thanks to their swift action, no malicious exploitation took place and no funds were lost.

BNB Chain is composed of two blockchains: The EVM compatible Smart Chain (BSC) and the Beacon Chain.