BNB Chain Recovers from X Account Hack, Victims to Be Compensated
BNB Chain has successfully reclaimed its official X account after a brief security breach. The incident involved attackers posting phishing links and fake contracts, leading to around $13,000 in losses.
Attackers promoted a fraudulent BNB airdrop website, causing financial harm. The team swiftly regained control, removing all malicious posts. Changpeng Zhao, Binance’s founder, assured users that all affected individuals will receive compensation. The root cause is still under inquiry.
Key points of the hack include:
- Attackers posted ten phishing links.
- Losses amounted to $8,000 across various chains.
- A single user lost $6,500.
Additionally, the attacker manipulated a phishing contract, injecting $17,800 and withdrawing meme tokens worth $22,000, resulting in a $4,000 profit. the total gain for the hacker was approximately $13,000.
BNB Chain has promised to share more details as the investigation progresses. They are committed to enhancing security measures to prevent future incidents. All affected users will be reimbursed, although the compensation process has not been detailed yet.
Changpeng Zhao, Binance’s founder, confirmed the recovery of the X account and the planned compensation. He highlighted the distinction between social media and blockchain platform security.Most of the Binance community remained unaffected,demonstrating strong awareness against such scams.
Despite the hack, the Binance Coin (BNB) price has remained stable. It currently trades at $1,033, with a 2.47% gain over the past 24 hours and a 1.45% increase for the week. Source: crypto.news
