Binance Halts Deposits and Withdrawals of EGLD to Investigate Potential Security Issue on the Elrond Network

Key takeaways: Binance has stopped deposits and withdrawals of EGLD to investigate what it calls a potential security issue on the Elrond Network. Yesterday, a hack was reported on the Elrond Network resulting in the loss of $1.65 million worth of EGLD that was later sold on the Maiar Decentralized exchange, causing a 92% price drop on the DEX. The Founder and CEO of the Elrond Network has released an update stating the bug that caused the security issue has […]