BNB Chain suspends network following $500M cross-chain bridge exploit.
On October 6 Binance Smart Chain has been stopped due to an exploit on the bridge.
According to blockchain explorer, the attacker claimed a one million BNB reward, before depositing the balance into the DeFi lending platform Venus Protocol. The attacker has made off with roughly $100 million. The attacker has roughly over $400 million worth of crypto frozen on the Binance Smart Chain, probably stuck in cross-chain bridges on the BNB blockchain side.
Grayscale announces new arm to invest in Bitcoin mining hardware.
Grayscale Investments announced the formation of Grayscale Digital Infrastructure Opportunities LLC on October 6.
Grayscale and Foundry will work together in the mining operation. Foundry USA is one of the biggest mining pools in the world. In the last 3 months, Grayscale has made a deal with mining companies. They bought different mining tools from different companies.
Lido launches layer-2 Ethereum staking and LDO rewards.
Lido has around 40% of all the staked ETH on the Beacon Chain.
Lido Finance has launched on two layer-2 networks Arbitrum and Optimism. In the meantime, these blockchains will reduce the gas fee and improve accessibility. Lido has approximately $7.4 billion worth of staked ETH.