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The exchange token used within the Binance trading environment jumped 20%, leading a broad rebound in crypto markets that had been in free fall over acute speculation that the rival FTX exchange might be facing a rapid run on deposits.
A tweet from the official BNB chain Twitter account indicates the chain is back in operation after pushing out a software update to freeze hackers' accounts.
The chain has now resumed operations after fixing a problem that let someone create $570 million of the token, though they were only able to abscond with a smaller amount.