BNB Smart Chain Completes Moran Hard Fork to Address $100 Million Hack

BNB Smart Chain Performs Successful Moran Hard Fork

BNB Smart Chain, the blockchain platform operated by Binance, has successfully completed the Moran hard fork. This upgrade addresses the security vulnerability that led to a $100 million hack on October 6th. The hard fork was implemented at block height 22,107,423 on October 12th, six days after the incident.

Security Patches and Fixes

The Moran hard fork introduces a security patch to mitigate issues in the cross-chain infrastructure between the Beacon Chain and Smart Chain. Specifically, it fixes a vulnerability in the iavl hash check and enhances block header sequence checks. These updates aim to prevent similar exploits in the future.

Impact on Network Functionality

Following the hard fork, Binance announced that all chain functionalities have been restored. Funds previously stuck in cross-chain transfers have been successfully processed to their intended destinations. While trading of BNB Smart Chain tokens was unaffected, deposits and withdrawals were temporarily paused during the upgrade.

Community Response and Next Steps

The hack has raised questions about the decentralization and security of the BNB Smart Chain. In response, the community will vote on measures to address the hacked funds. This collective action underscores the importance of community governance in maintaining network integrity.

The successful implementation of the Moran hard fork marks a critical step in restoring trust and security in the BNB Smart Chain ecosystem. Stay updated on further developments as the community works to address the aftermath of the hack.