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BNB Chain has confirmed that it has recovered its official X account after a breach that allowed hackers to post phishing links. The event took place on Wednesday morning, and Binance founder Changpeng Zhao issued an immediate warning.
The account was compromised, and ten phishing links were posted there by hackers, targeting cryptocurrency users on several blockchains. BNB Chain stated that the losses were approximately $8,000. The highest loss was incurred by a victim who lost $6,500 after signing a harmful transaction.
Documented research indicates that the attacker had used a phishing contract, invested $17,800 in meme tokens, and cashed out with $22,000. Although these funds were a result of their own trading, the phishing links resulted in direct financial damage to the users. The posts have been deleted, and the account is now safe.
BNB Chain has announced that the users who have lost money will be fully compensated for their losses. The team has initiated an investigation into the cause of the breach and is working closely with security partners. Authorities indicated that results will be provided after the review has been made.
The project was grateful to its community and partners, who were quick to detect the phishing attempts and were able to mitigate the damage. Zhao also recommended that users exercise caution when engaging with links, even when they come from verified accounts. He has confirmed takedown requests of the phishing websites.
The company will maintain a focus on transparency and user security. BNB Chain reiterated its commitment to enhancing security measures around its social media accounts and preventing future attacks.
This event is not timely, as blockchain networks are now exposed to phishing and hacking occurrences. As highlighted in a recent Chainalysis report, over $2.17 billion had already been stolen through crypto-related exploits as of June 2025. The report suggests that this year's losses could surpass $4 billion if the trend continues.
The hack of the BNB Chain account demonstrates that social media remains a primary target for attackers seeking to steal digital assets. Verified accounts with a large number of followers, such as the four million followers of BNB Chain on X, are more dangerous due to the trust they hold.
BNB Chain recommends that users be cautious and compare links before linking their wallets. Another aspect the company highlighted is its collaboration with partners and platform providers to strengthen protections.
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