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BNB Chain Bridge

avoid.net/bnb-chain-bridge16/100·88% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

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anchored·2PJzBo…vvCR

Summary

The BSC Token Hub, BNB Chain's cross-chain bridge connecting BNB Beacon Chain and BNB Smart Chain, was exploited on October 6, 2022 via a forged IAVL Merkle proof that allowed an attacker to mint approximately 2 million BNB valued at roughly $566–570 million. Rapid validator coordination halted the chain and froze most funds on BSC, limiting the attacker's realized gain to an estimated $137 million, though the incident exposed deep structural centralization concerns about BNB Smart Chain's 21-validator Proof of Staked Authority model.

Connected Entities

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BNB Chain Bridge
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    Timeline(9 events)

    6 October 2022

    Attacker executes two transactions of 1 million BNB each via a forged IAVL Merkle proof on the BSC Token Hub bridge, minting approximately 2 million BNB (~$566–570 million).

    6 October 2022

    BNB Chain contacts all 44 active validators and requests they suspend block production on BNB Smart Chain to prevent further fund movement.

    6 October 2022

    Binance CEO Changpeng Zhao publicly confirms the exploit on Twitter, states the issue is contained and user funds are safe.

    7 October 2022

    BNB Smart Chain resumes operations with a hotfix. Tether and Circle blacklist the attacker's addresses, freezing $33.5 million combined in USDT and USDC.

    7 October 2022

    Post-incident analysis confirms approximately $137 million was moved to other chains before the halt, with roughly $430 million remaining frozen on BSC.

    11 October 2022

    BNB Chain announces a scheduled hard fork for October 12 to permanently patch the cross-chain bridge vulnerability.

    12 October 2022

    BNB Chain hard fork (client v1.1.15) executed at 08:00 UTC, patching the IAVL proof verification flaw and re-enabling the cross-chain bridge.

    13 October 2022

    Cosmos SDK releases coordinated security disclosures for the 'Dragonfruit' and 'Dragonberry' bugs affecting all IBC-enabled chains using the same IAVL library.

    6 February 2023

    BNB Chain's Planck hard fork implements BEP-171, introducing permanent security enhancements including ICS23 proof verification, transfer time-locks, and emergency channel-pause mechanisms.

    Provenance & Audit Trail

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (3 events). 0 of 18 cited source URLs have an Internet Archive snapshot.

    model: claude-sonnet-4-6

    generated: 5/30/2026, 6:25:01 PM

    last updated: 8/29/2026, 1:35:23 AM

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