The former Ethereum alternative darling is far off its all-time high for total value locked.
DeFi platform Poly Network was attacked on Tuesday, with the alleged hacker draining roughly $600 million in crypto.
Players battle for gaming rewards, while blockchains battle for players
The attacks occurred on ApeRocket's Binance Smart Chain and Polygon networks within a few hours of each other on Wednesday.
The project will be run as a DAO with the Dtravel token (TRVL) being used to facilitate decision-making.
The attacks marks yet another exploit of a BSC-enabled DeFi protocol.
The move could open the door to more FATF-friendly DeFi in the BSC ecosystem.
Binance is not responsible for "rug pulls" on Binance Smart Chain, an exchange representative says.
BOG token's price fell from $8.50 to $0.15, a drop of over 98%.
The cause of the attack is still under investigation.
"BSC integration will reduce transaction costs by up to 90+ percent vs Ethereum," Umbrella Network said.
The attack happened just a few days after another DeFi protocol was attacked on Binance Smart Chain.
Binance’s new venture has raised red flags as regulators investigate whether it violates securities rules.
So far, only $9 million in ETH and BTC from the hacker's haul has made it off the Binance Smart Chain blockchain.
FTX-backed serum surged to an all-time high price.