Binance's BNB bridge has been hacked, with attackers targeting the mechanism that allows the transfer of BNB tokens between different blockchain networks. The attackers' health rate was 1.18 on the Venus protocol, indicating that their collateral position was considered healthy and stable.

However, if the price of BNB drops to $219.76, the attacker's collateral position of 924,821.42 BNB, valued at $236 million, will be liquidated. The attack, along with the ongoing SEC lawsuit against Binance, has caused significant stress to the exchange, resulting in the removal of numerous trading pairs and the temporary pause of the OTC Trading Portal on Binance US.