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Binance Bridge1 decision on this page

Audit log

Every state-changing event for Binance Bridge: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

  1. #1publishby system:backfill
    2026-05-20 18:44:18Z
    Score: ?? (no score change)
    anchoranchored
    chain
    mainnet-betaslot 421,042,212
    sig
    cGCBPWA5A8LC…BJYaPSsQexplorer ↗
    hash
    5zuDXojHro7n…3VtbZVtRsha256 → base58
    verifying row…full verify ↗
    canonical bytes (6540 B) ▸
    {"actor":"system:backfill","investigation_id":"6ea1ef2c-9ad2-458f-9bb3-88ec2da9e58b","kind":"publish","page_slug":"binance-bridge","published_at":"2026-05-20T18:44:18.076Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Binance Bridge","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.halborn.com/blog/post/explained-the-bnb-chain-hack-october-2022"},{"credibility":3,"name":"","type":"other","url":"https://en.wikipedia.org/wiki/BNB_Smart_Chain_(blockchain_platform)"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://rekt.news/bnb-bridge-rekt"},{"credibility":3,"name":"","type":"other","url":"https://www.halborn.com/blog/post/explained-the-bnb-chain-hack-october-2022"},{"credibility":3,"name":"","type":"other","url":"https://medium.com/immunefi/hack-analysis-binance-bridge-october-2022-2876d39247c1"},{"credibility":3,"name":"","type":"other","url":"https://swarm.ptsecurity.com/binance-smart-chain-token-bridge-hack/"},{"credibility":3,"name":"","type":"other","url":"https://forum.cosmos.network/t/cosmos-sdk-ibc-vulnerability-retrospective-security-advisories-dragonberry-and-elderflower-october-2022/8735"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://bscscan.com/address/0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec"},{"credibility":3,"name":"","type":"other","url":"https://www.elliptic.co/blog/analysis/attack-mints-569-million-worth-of-bnb-tokens-in-bsc-bridge-exploit"},{"credibility":3,"name":"","type":"other","url":"https://www.merklescience.com/blog/hack-track-analysis-of-the-bnb-smart-chain-exploit"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://cointelegraph.com/news/bnb-chain-confirms-bsc-halt-due-to-potential-exploit"},{"credibility":3,"name":"","type":"other","url":"https://fortune.com/crypto/2022/10/06/binance-smart-chain-halts-after-exploit/"},{"credibility":3,"name":"","type":"other","url":"https://www.coindesk.com/business/2022/10/06/binance-linked-bnb-price-falls-close-to-4-on-hack-rumors"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.elliptic.co/blog/analysis/attack-mints-569-million-worth-of-bnb-tokens-in-bsc-bridge-exploit"},{"credibility":3,"name":"","type":"other","url":"https://www.bankinfosecurity.com/binance-restores-cross-chain-bridge-after-569m-attack-a-20227"},{"credibility":3,"name":"","type":"other","url":"https://www.binance.com/en/feed/post/1452535182522"},{"credibility":3,"name":"","type":"other","url":"https://cryptoslate.com/binance-resumes-bsc-bridge-operation-after-2m-bnb-exploit/"}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"","type":"other","url":"https://www.halborn.com/blog/post/explained-the-bnb-chain-hack-october-2022"},{"credibility":3,"name":"","type":"other","url":"https://www.cnbc.com/2022/10/07/more-than-100-million-worth-of-binances-bnb-token-stolen-in-another-major-crypto-hack.html"},{"credibility":3,"name":"","type":"other","url":"https://techcrunch.com/2022/10/07/blockchain-bridge-hack/"},{"credibility":3,"name":"","type":"other","url":"https://forum.cosmos.network/t/cosmos-sdk-ibc-vulnerability-retrospective-security-advisories-dragonberry-and-elderflower-october-2022/8735"}]}],"sources_used":[],"summary":"Binance Bridge (BSC Token Hub) was the official cross-chain bridge connecting the BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20), operated by Binance. On October 6-7, 2022, an attacker exploited a critical flaw in the bridge's IAVL Merkle proof verification logic inherited from Cosmos SDK, forging deposit proofs to mint 2 million BNB (approximately $586 million at time of exploit). Although the BNB Chain was halted by validators to contain the damage — trapping roughly $430 million on-chain — approximately $110–137 million escaped to other networks before the halt took effect.","timeline":[{"date":"2019-01-01","event":"Binance launches bridge infrastructure connecting Binance Chain and BNB Smart Chain ecosystems.","source":""},{"date":"2020-09-01","event":"BNB Smart Chain (BSC) launches; BSC Token Hub becomes primary cross-chain bridge for the BNB ecosystem.","source":""},{"date":"2022-10-06","event":"At 18:26 UTC, attacker mints first 1 million BNB via forged IAVL Merkle proof from block 110217401 to address 0x489A8756C18C0b8B24EC2a2b9FF3D4d447F79BEc. Transaction hash: 0xebf83628ba893d35b496121fb8201666b8e09f3cbadf0e269162baa72efe3b8b.","source":""},{"date":"2022-10-06","event":"At 20:43 UTC, attacker mints second 1 million BNB via second forged proof. Transaction hash: 0x05356fd06ce56a9ec5b4eaf9c075abd740cae4c21eab1676440ab5cd2fe5c57a. Total minted: 2 million BNB (~$586M).","source":""},{"date":"2022-10-06","event":"Attacker deposits 900,000 BNB as collateral on Venus Protocol and borrows approximately $147.5M in stablecoins (USDT, USDC, BUSD).","source":""},{"date":"2022-10-06","event":"Attacker bridges stolen stablecoins to Ethereum (~$53M), Fantom (~$57M), Polygon (~$400K), Avalanche, Optimism, and Arbitrum via Stargate Finance and Multichain.","source":""},{"date":"2022-10-06","event":"At approximately 21:35 UTC, all 44 BNB Smart Chain validators coordinate to halt BSC, trapping ~$430M in assets on-chain. Chain halted for approximately 8 hours.","source":""},{"date":"2022-10-07","event":"Binance CEO Changpeng Zhao (CZ) publicly confirms the exploit and chain halt. Tether and Circle freeze combined $33.5M in USDT and USDC held by the attacker.","source":""},{"date":"2022-10-07","event":"Binance restores cross-chain bridge operations after validators apply hotfix release v1.1.15 patching the IAVL verification flaw.","source":""},{"date":"2022-10-08","event":"Cosmos engineers begin intensive security review of ICS-23 implementation in response to the BSC incident, identifying the broader 'Dragonberry' vulnerability affecting all IBC-enabled Cosmos chains.","source":""},{"date":"2022-10-12","event":"BNB Chain implements Moran Hardfork with permanent IAVL hash-check vulnerability fix.","source":""},{"date":"2023-11-01","event":"BNB Chain Core proposes forced liquidation of exploiter's Venus Protocol collateral position. USDT and USDC positions force-liquidated to recover partial funds without open-market BNB sell-off.","source":""}]},"v":1}
    Verify offline (run on your own machine)
    python -m src.verify_decision 946e5276-91c1-4477-a323-717f9f718c0e
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine — python -m src.verify_decision <event_id>.