🚨 NGP Protocol Exploited: $2 Million Vanishes in BNB Chain Security Breach

Another day, another crypto heist—NGP Protocol joins the not-so-exclusive club of DeFi exploits. The attack siphoned a cool $2 million from the protocol's liquidity pools, leaving investors scrambling and security teams working overtime.

How It Went Down

The exploit leveraged a vulnerability in NGP’s smart contract architecture on BNB Chain, bypassing standard security checks and draining funds in a series of rapid transactions. No sophisticated social engineering—just pure code manipulation.

Aftermath and Reactions

NGP’s token price nosedived 40% within hours of the news breaking. The team has paused all contract interactions and launched an investigation, promising reimbursements—though that’s become the industry’s default empty promise. Meanwhile, crypto Twitter is having a field day, with armchair experts dissecting every line of the flawed code.

BNB Chain’s security track record takes another hit—this marks the third major exploit on the network this year. Auditors? Apparently asleep at the wheel. But hey, at least the hackers got their payday—some things in crypto never change.