EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain
According to cybersecurity analysts at 0xScope and CertiK, threat actors may prefer using BNB Smart Chain contracts because it’s cheaper and seen as having lower security than Ethereum. Despite the name “EtherHiding,” the new attack vector that hides malicious code in blockchain smart contracts doesn’t have much to do with Ethereum at all, cybersecurity analysts have revealed. As reported by Cointelegraph on Oct. 16, EtherHiding has been discovered as a new way for bad actors to hide malicious payloads inside smart contracts — with the ultimate goal of distributing malware to unsuspecting victims. These cybercriminals tend to prefer using Binance’s BNB Smart Chain, it is understood. Speaking to Cointelegraph, a security researcher from blockchain security firm CertiK, Joe Green, said most of this is due to BNB Smart Chain’s lower costs. “The handling fee of BSC is much cheaper than that of ETH, but the network stability and speed are the same because each update of JavaScript Payload...