BNB Chain restores after X account hack

BNB Chain restores after X account hack
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BNB Chain announced that its X account has been restored following a hack earlier today. Hackers had shared fake airdrop posts on BNB Chain’s account that contained several phishing links. Platform executives have reported an estimated loss of $8,000 and confirmed they are ready to compensate fully. 

Bad actors shared a total of 10 phishing links, and victims who clicked and interacted with the links had their wallets drained of around $8,000. Among those affected, the hardest-hit individual lost nearly $6500. The attacker also created a phishing smart contract through which they gained control to drain assets from compromised wallets

Interestingly, the attacker injected $17,800 worth of crypto to buy memecoins worth $22,000, and made a profit of $4,200. However, the crypto community mocked the hacker. As Binance Co-founder CZ remarked, the community turned the hacker’s crypto dump into a missed opportunity. The holders flipped the script — they pushed the memecoin’s price higher after the hacker sold his coins, and only the hacker lost potential profits. 

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Disclaimer:
This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency investments are subject to high market risk. Readers should conduct their own research or consult with a financial advisor before making any investment decisions. The views expressed here do not necessarily reflect those of the publisher.

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