Theft of 100 million dollars of cryptocurrencies: what did businessman Sawiris say

Wael hassan October 09, 2022 0 Comments

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Theft of 100 million dollars of cryptocurrencies, Egyptian businessman engineer Naguib Sawiris commented on the incident of theft of 100 million dollars of cryptocurrencies from the world's largest cryptocurrency exchange.

Theft of 100 million dollars of cryptocurrencies: what did businessman Sawiris say

He said that the theft that is happening now of coins is not carried out through the use of weapons or threats, but is currently stolen remotely via the internet via a person's computer while sitting in his place.

Theft of cryptocurrencies

Sawiris tweeted on the social networking site Twitter: "there was a time when they used to come in with guns robbing banks.. Now theft by computer and remotely!".

It is worth noting that hackers stole about 100 million dollars of cryptocurrencies from the "blockchain" chain, where the struggling cryptocurrencies faced a turn described as the worst, after stealing almost 100 million dollars from Binance, and it seems to be the latest hack to hit crypto digital assets, according to Bloomberg.

100 million digital dollars stolen

"A bridge between blockchains has been exploited and we have managed to contain the problem now, "Binance co-founder Changping Zhao said on his Twitter account on Friday.

Binance is the world's largest cryptocurrency exchange, and the chainpnp platform reported that it is working with security services to freeze stolen money transfers.

The spokesman for the "BNB blockchain" chain, supported by Binance, also confirmed that from 100 million to 110 million dollars of cryptocurrencies were stolen.

Cryptocurrency hacks

"At least 7 million dollars of stolen funds have already been frozen," the spokesperson for the BNP blockchain chain added.

It is noteworthy that almost 2 billion dollars have been stolen in cryptocurrency hacks this year, and bridges across chains used to transfer tokens via the blockchain have been a frequent target by hackers to steal cryptocurrencies.

The Binance cryptocurrency, also known as BNP, was down as much as 3.3% on Friday and was trading at around 285 dollars

It is reported that the cryptocurrency sector suffered a major blow due to deep hacks and threats by hackers, which led to the elimination of almost 2 trillion dollars from the value of crypto digital assets.

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