Arkham: The BNB Bridge hacker liquidation account still has over $124 million in debt, and will be liquidated again when the BNB price drops to 211 USDT

Odaily Planet Daily News Arkham released a review of the BNB Bridge attack incident and a recent progress report. Arkham said that the BNB Chain team had previously transferred $60 million to the BNB Bridge hacker liquidation account. As the price of BNB fell below 220 USDT on Thursday and the liquidation was triggered, the team passed Three transactions liquidated 30 million US dollars of debt and retrieved 146,150 stolen BNB. The current hacker liquidation account balance is 30 million US dollars, and there are still over 124 million US dollars in debt. The team will liquidate again when the BNB price drops to 211 USDT. According to previous news, after the Binance Bridge attack, Venus passed the VIP-79 proposal of the whitelist liquidation system for the incident in November 2022. The specific content is to cooperate with Binance and other BNB chain ecosystem participants. Take over when the position reaches the liquidation line, and jointly pay down the debt. Therefore, the BNB Chain core team is actually the sole liquidator of this position, in order to safely control this ultra-large-scale BNB supply and avoid the direct occurrence of serial liquidations.