CZ says crypto is about “security” but BSC gets hacked anyway

Just before the weekend could get underway, Binance revealed that unidentified hackers managed to steal 2 million of the company’s BNB Chain crypto token, worth a total of $569 million US dollars. The response from the world’s largest centralized crypto exchange? To shut down the Binance blockchain. The chain has since been “turned back on” but it’s not a great look for a blockchain the fact that its overlords can just switch it on and off like a bank teller lamp.