- BNB Chain regained control of its X account after hackers posted phishing links, causing $13,000 in losses.
- The attackers used manipulated contracts and phishing links to steal funds, including a $6,500 loss from one user.
- Binance plans to reimburse affected users and is investigating the breach, with no broader community impact on BNB’s price.
BNB Chain has successfully regained control of its official X account following a security breach that led to a loss of over $13,000. The attack occurred earlier today, when attackers posted a series of phishing links and manipulated fake contracts. The stolen funds came from various accounts, including one significant loss of $6,500 from a single user.
The hack began when malicious actors gained access to BNB Chain’s X account and posted ten phishing links. These links directed users to fraudulent sites, leading to a collective loss of $8,000. Additionally, the attackers used a manipulated contract to withdraw meme tokens, netting an additional $4,000. These actions culminated in the hackers stealing a total of $13,000.
Full Recovery of X Account and Investigation Underway
In response to the attack, BNB Chain quickly regained control of its official X account. The team confirmed that they had removed all malicious posts and restored the account to its original state. Preliminary investigations are ongoing, but the root cause of the breach is still under review. BNB Chain assured the public that it is committed to improving its security protocols to prevent similar incidents in the future.
Binance’s CEO, Changpeng Zhao (CZ), commented on the breach, confirming that all affected users would be compensated. He explained that the security teams are continuing to track the incident, with the possibility of a linked Know Your Customer (KYC) investigation. CZ also emphasized that the hack primarily affected the project’s social media security, noting that the broader Binance community was largely unaffected.
BNB Price Remains Stable
Despite the hack, the price of Binance Coin (BNB) has remained stable. At the time of writing, BNB was trading at $1,030, reflecting a 2.47% gain in the last 24 hours. This stability indicates that the market’s confidence in BNB has not been significantly shaken by the incident.
BNB Chain’s prompt action to recover the account, alongside its efforts to compensate affected users, has played a key role in maintaining investor trust.
