Binance restores the hacked x account after $ 13k lost in BNB Chain phishing scam

The attacker pushed fake wallet connection, but Binance quickly moved to take back control of the affected account and to limit losses to $ 13k.

Binance -founder Changpeng “CZ” Zhao has confirmed that the official BNB chain X account has been restored after a short hijacking that users has directed to Phishing websites.

The incident, which took place earlier today, led to losses of around $ 13,000 in user funds, although CZ ensured that victims are fully reimbursed.

Binance restores the bill, confirms limited losses

In several X reports on Wednesday, CZ explained That after gaining control over the BNB chain account, the attacker had placed left to fake “wallet connect” prompts designed to mislead users to sign harmful approvals.

The former Binance Head also insisted on users to prevent you from clicking on one of the links of the compromised social media handle, warning:

“The @bnbchain x account may have been compromised. Do not click on links that have recently been placed from this account.”

He added that the stock market had already contacted X to suspend the account and launched Takedown requests for the phishing domains.

“Always check the domains very carefully, even from official X handles. Stay Safu!” CZ warned.

In his last update, the crypto entrepreneur revealed that the hacker alone divided $ 13,000, a small amount compared to phishing campaigns that exhaust millions. “He could have made more by building,” he noticed, adding that the Binance security teams are still following the perpetrator, which can be linked to a verified identity via KYC.

The rapid recovery and the limited damage are, in contrast to previous cases, including a previously reported by security companies Peckshield and SCAM Sniffer, where a user unintentionally approved a bad transfer, which resulted in a phishing attack that cost them more than $ 3 million.

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Because they mimic real Uniswapswaps or wallet connections, this scam are extremely smart, even people who know a lot about crypto who run the risk of social engineering tricks.

Ironically, the attack took place when the BNB chain received more network traffic than its competitors. On September 28, data showed that daily costs on the blockchain up to $ 1.4 million shots after the launch of the decentralized Exchange Aster. Three days in a row they were higher than that on Solana. The platform also dealt with a record of 16.5 million transactions a week earlier, which demonstrated the growing popularity.

Price reaction

Despite the infringement, the price of BNB has remained quite stable. At the time of writing, token was worth $ 1,011.84, about 1.5% less than the day before. It also fell somewhat by 0.5% in the past seven days, but it has still increased 5.4% in the past two weeks, which could mean that investors were not too worried about the phishing fear.

BNB has risen by 18.3%in the last 30 days and in the past year it has risen 76.5%, which is better than most large CAP tokens at a time when there has been a mixed market sentiment.