BSC project suffered a Hacker attack, resulting in a loss of $17 million in funds.

Recently, a Blockchain project experienced a security incident on the Binance Smart Chain, resulting in a loss of approximately $17 million. According to monitoring data from a blockchain security company, the event occurred on the evening of November 13, 2022.

The attacker successfully extracted a large amount of funds using vulnerabilities in the project. Currently, part of the stolen funds has been transferred through mixing tools in an attempt to obscure the flow of funds. Another portion of the funds is stored in two specific Blockchain addresses.

Security experts have identified the attacker's address and released the transaction hash related to this incident for further tracking and analysis.

It is worth noting that the latest on-chain data shows that the attackers seem to have started attempting to communicate with the project team. This may indicate that both parties are negotiating possible solutions.

Such security incidents once again highlight the challenges that blockchain projects face in terms of security. It reminds us that even in a decentralized environment, protecting the security of user assets remains an important issue. Project parties need to continuously strengthen security measures, while users should also stay vigilant and manage their digital assets carefully.

As the situation develops, industry insiders are closely monitoring the subsequent progress of this event, hoping to find a proper solution to minimize user losses.