In 2022, a hacking attempt happened, leading to the theft of about 2 million BNB tokens. 

In 2023, a market downturn led to more than $53 million in liquidation from the hackers’ wallets. 

Crypto hacking is when cybercriminals access a wallet, protocol, or even a smart contract to steal funds. The same thing happened to Binance in 2022.

However, the hacker’s wallets are closely monitored. After the market downturn on the 18th of August, one of the wallets had a $53 million liquidation. Here’s how it happened.

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