BNB Chain has confirmed that its official BNB Chain X account has been fully restored following a security breach. “We’re back! The team has regained full access of the @BNBCHAIN account,” the team announced on X.
The platform confirmed that the root cause of the incident is still under active investigation and assured that the estimated $8K in damages will be fully compensated to the victims.
Details of the breach
Earlier today, BNB Chain revealed that the attack involved multiple phishing attempts and a malicious contract deployment. “In total, 10 phishing links were posted that resulted in $8K stolen across all chains.” Among the victims, “the biggest victim was from one single user at $6.5K.”
The team revealed that the attacker had set up a fraudulent contract. He first put in $17.8K and later sold all of his meme tokens, turning them into $22K, showing the calculated nature of the attack.
Binance CEO Changpeng Zhao (CZ) provided further context, confirming that “Hacker got $13k. Security team(s) still tracking, with a possible linked KYC. Hacker went through all these trouble, plus criminal liability. He could have made more by building.”
CZ emphasized the difference between social media and crypto platform security, noting that most of the community remained unaffected by the attempts.
Community reaction
In a surprising turn, the BNB Chain community responded playfully after the hacker sold all his tokens. “Interestingly, after the hacker dumped ALL his tokens for a $4k gain, the community took over and bought the meme coin higher, as a mock to the hacker. “Funniest come back by the community!” CZ noted.
BNB Chain thanked its community and partners for staying alert and helping spread the word quickly during the incident. CZ ended the update by personally acknowledging everyone’s efforts, expressing his gratitude, and encouraging the community to move forward with confidence and resilience.
Also Read: Crypto Industry Lost Over $155 Million to Hackers in September
