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- BNB Chain restored its X account after hackers posted phishing links, resulting in $13,000 in losses.
- Hackers placed phishing links leading to a scam site, costing users $8,000, with one losing $6,500.
- Binance Coin (BNB) remained stable at $1,023 despite the hack, gaining 1.15% in the last 24 hours.
BNB Chain has restored its official X account after being hacked earlier today. The attack occurred when malicious actors posted phishing links that directed to a scam BNB airdrop site. The breach incurred a cost of approximately $13,000; however, the account has since been reinstated.
The hackers placed ten phishing tags on the X account, which were directed to unsuspecting users. These links led to a fraudulent website designed to take money unlawfully. Early estimation shows that approximately $8,000 was lost in various chains during the attack. One user lost $6,500 from the scam.
BNB Chain Restores X Account
Besides the phishing links, the attacker used a phishing contract. They placed $17,800 into the contract and took out meme tokens to the tune of 22,000 dollars. This enabled the attacker to earn a profit of $4,000, resulting in overall losses that reached $13,000. The BNB Chain team continues researching the specifics of the hack.
The Binance organization that operates BNB Chain validated that the X account was restored. The team responded swiftly to gain control of the account and delete the bad posts. Although the cause of the breach remains in the hands of investigations as of now, BNB Chain is convinced that it will tighten its security arrangements to ensure that the attacks never occur again.
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Security Measures Strengthened After Attack
Changpeng Zhao (CZ), the founder of Binance, responded to the event. He affirmed that the X account was reclaimed and pointed out the modest profits that the hacker got. The hacker got $13K. There is a potential attached KYC because security expert teams are tracing the attacker, CZ noted. He further explained that the hacker had the opportunity to do a lot of damage but opted not to.
Even after the attack, Binance Coin (BNB) did not fluctuate in the market. CoinMarketCap data shows that BNB is trading at $1,023.00, up 1.15% during the last 24 hours. It also increased by 0.72% in the past week, indicating that it is not affected by the breach.
BNB Chain has committed to refunding all the affected users, without announcing how this would be done. As the investigation progresses, the company will keep a keen observational eye and update on the situation further.
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