BNB Chain has completed the v1.1.16 update upgrade

ChainCatcher news, according to official information, the BNB Chain v1.1.16 upgrade was completed today at 17:00. During the upgrade, cross-chain transactions were in a queued state, so it will take several hours to process. In addition, staking rewards will be distributed subsequently.

It is reported that the BNB Chain (BSC) will execute a hard fork this week to fix a vulnerability that caused a loss of 100 million dollars on the platform. As a temporary emergency patch, this hard fork aims to restart the cross-chain infrastructure. Ordinary users will not be affected, but node operators must stop the operation of actual nodes. (Source link)