BNB Chain has been halted after one of the biggest BNB holders started displaying erratic on-chain behavior, suggesting a hack.

At around 17:30 UTC the wallet began withdrawing sizeable sums of coins it had staked from various blockchain ecosystems. It subsequently started swapping and borrowing tokens from a multitude of different protocols in a very rapid fashion. The erratic nature of the wallet’s activity suggests it may have been compromised. The BNB Chain’s official Twitter account indicated the chain would be halted due to “irregular activity.”

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