BNB Chain has identified the cause of its October 1 X (formerly Twitter) account hack, confirming that all affected users have been fully compensated. The exploit led to losses totaling around $13,000, which were reimbursed in USDT.
According to BNB Chain, 13 users were impacted by the breach, with compensation amounts ranging from as little as $1.13 to as much as $6,586. The investigation revealed the hack originated from a phishing link that allowed the attacker to gain control of the verified account.
The malicious link has since been contained and removed. “Following the incident, the team has implemented additional security measures to prevent similar breaches and further strengthen account protection,” BNB Chain stated.
The October 1 attack saw the compromised account posting fake BNB airdrop links under the domain “bnbchain.org,” which tricked some users into connecting their wallets. The posts were taken down around 06:00 AM UTC after BNB Chain regained control.
Despite the breach, BNB’s price remained largely unaffected, slipping 1.7% in the past 24 hours to $1,090. Binance founder Changpeng Zhao later noted the community’s ironic reaction, rallying the hacker’s memecoin “4” briefly by 500% before its value dropped again.
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