Due to irregular activity, Binance has temporarily paused its BSC, and thanked you for your patience and understanding!
Relevant tweet:
https://twitter.com/BNBCHAIN/status/1578148078636650496
Possibly due to a bridge exploit similar to the previous Axie Infinity Ronin Bridge hack last year, however Ethereum the main chain was never 'paused' due to the Axie hack and ran as normal. Binance Smart Chain can be centrally paused as CZ sees fit, apparently, as befitting something called CeDeFi.
It's also extremely annoying when you need to move your funds and one day some CEO guy suddenly decides you can't use the chain your money is on anymore because they suspect 'irregular' activities. We wanted crypto because we wanted to escape the banking system's catch-22 of bureaucratic nightmares when they want to hold your funds hostage.
Will be interesting to see how this situation develops.
UPDATE: The exploit consists of 2 MILLION BNB, or about $550 million. The hacker is spraying all the BNBs every which way across various swaps towards safer assets to dump into real money, creating chaos all over BSC ecosystem.
submitted by /u/savage-dragon
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