Binance, the largest exchange for cryptocurrencies such as Bitcoin and Ethereum, has been hacked. The platform will announce that on Friday. It is estimated that about 100 million dollars (102 million euros) in crypto coins have been stolen, CEO Changpeng Zhao said. All transactions on the Binance Smart Chain blockchain were paused overnight due to the hack. According to Zhao, the problem is now under control. The hackers managed to steal a total of about two million BNB tokens, at the current price they are worth about 568 million dollars (about 580 million euros). A Binance spokesperson told US broadcaster CNBC that about $100 million of this amount has already been cashed in by the hackers, but the rest of the coins are still in the hackers’ crypto wallet . Binance is trying to freeze this remaining cryptocurrency so that the hackers cannot convert it into cash. About 7 million dollars has already been frozen. On the internet forum Reddit , Zhao shares updates and technical details about the hack and the consequences for customers. Binance was founded in 2017 by Chinese Changpeng Zhao. The company has some self-operating departments and no official headquarters. However, Binance is registered in the Cayman Islands, a well-known tax haven. This summer, the crypto exchange was fined more than 3.3 million euros by De Nederlandsche Bank (DNB) for not registering with the DNB after a previous warning. Also read this article: Governments open hunt for largest crypto exchange