Do you know that even with the Binance network hack your investment is safe?

The world's largest crypto asset exchange, Binance, has suffered a hack in which a total of 580 million euros in tokens BNB. Do you want to know how this affects Reental? Keep reading
What has happened?

Whether you are passionate about technology blockchain or have you been a little aware of this exciting world, surely you have heard about the incident suffered by the most famous exchange in the world, Binance.

The cryptoasset exchange platform was hacked, a hack that resulted in the theft of a total of 580 million euros, most of this theft was based on the platform's own token, the BNB.

How has it happened?

Blockchain security is almost impregnable, so hackers focus their efforts on hacking jumpers and connectors that link the different blockchains, which are necessary to carry out any type of exchange between networks.

As I said Business Insider, Changpeng Zhao, the CEO of Binance, has confirmed that the robbery occurred in the BNB Chain (the blockchain of Binance) born from the union of Binance Chain and Binance Smart Chain. Specifically, the hack occurred at BSC Token Hub, one of these bridges that we mentioned earlier.

Value of stolen assets.

In the first instance, it was thought that cybercriminals had stolen a total of 100 million euros in tokens, but the truth is that the theft had been even greater. With the theft of nearly 2 million tokens from BNB, the robbery amounted to 580 million euros.

The firm noticed the error because the exchange system contacted the 44 people who act as validators of the chain. In this way, Binance was able to completely paralyze the transactions of the joining network.

“Decentralized chains are not designed to be stopped, but by contacting community validators one by one, we were able to stop the incident,” the company explains. This delayed the shutdown, but we were able to minimize losses.”

From Binance they have reported that everything is under control. The blockchain is operating safely and normally, and customer assets are now safe.

How can this affect Reental's investors?

Our investors you can rest assured that your Tokens they are not in danger. On the one hand, our investors acquire some Security tokens that can only be received in wallets validated by Reental and besides, Reental does not use any bridge during the process of Tokenization and issuance of the tokens.

So much Reental As our investors, we use the network as just another tool, just like the wallet of MetaMask.Therefore, our investors can rest assured.

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