BNB hacker loses over $53M after getting liquidated in market crash

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The overall market suffered a 6% drop, wiping out over $1 billion in crypto positions in the last 24 hours.

Transaction showing that the BNB exploiter was liquidated. Source: PeckShield

On Aug. 18, the entire crypto market suffered a 6% drop, sending the overall market capitalization to $1.1 trillion, according to coin information sites. The event wiped out over $1 billion in crypto positions in the last 24 hoursThe BNB Smart chain hackers were also affected, as the price of BNB dropped below $220. According to blockchain data, three positions linked to the wallet were automatically liquidated after the price fell. At the moment, BNB is trading at $218 per token.

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