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BNB Chain has compensated 13 users who lost a combined $13,000 after hackers compromised the blockchain network’s official X account on October 1 and posted phishing links disguised as airdrop promotions.
The attack, which BNB Chain attributed to a malicious domain impersonating ‘bnbchain.org,’ resulted in victims losing between $1.13 and $6,586 in USDT through wallet-draining schemes before the company regained control and reimbursed all affected users.
The ledger of losses shows a largest single transfer of $6,586 and a smallest of $1.13, all denominated in USDT (Tether). BNB Chain told followers that “all users have been fully compensated” in USDT for funds lost during the x account hack.
BNB Chain’s internal investigation into the x account hack determined that a phishing link was the entry point. The malicious URL, bearing the domain “bnbchain.org”, appeared in posts originating from the compromised X account and lured users into wallet-draining schemes.
According to the release, once control was lost the hacker posted ten phishing links that resulted in about $8,000 in immediate losses across all chains and, separately, deposited $17,800 into a phishing contract before rug-pulling memo tokens worth $22,000 and earning roughly $4,000—bringing the total to around $13,000.
“Following the incident, the team has implemented additional security measures to prevent similar breaches and further strengthen account protection,” — BNB Chain team (via X).
In its public communication, BNB Chain also indicated that the malicious links have been identified and removed, and the users were reimbursed. However, officials did not disclose any effort to identify or recover the hacker, nor did they provide details on any forensic action taken to trace the stolen funds following the x account hack.
While the x account hack impacted only a relatively small sum, the event raises broader questions about platform security and trust in official crypto-asset entities.
The token BNB (BNB) experienced only a marginal drop following the announcement—trading near $1,090 at press time, down roughly 1.7% in 24 hours and down 3.29% for the week.
For crypto investors, the x account hack underlines the importance of verifying official handles, wallet links, and security protocols before engaging with social media prompts. Officials in crypto-compliance stress that even high-profile “verified” handles are vulnerable if authentication controls and phishing awareness are weak.
Additionally, for platform operators and policy-makers, the incident highlights that compensating victims is only part of risk mitigation; investigations, transparency about the breach vector, and ATC (“after-the-fact”) monitoring are critical. The x account hack exposes how social media remains a frontline for exploit attempts in digital-asset ecosystems.
BNB Chain has committed to upgrading its account security in response to the x account hack. Specific steps include forced logout of linked authenticator applications, additional account access layers and heightened monitoring of outgoing posts. The firm also removed the malicious domain linked to the event.
However, the absence of disclosed recovery efforts or public forensic updates leaves unanswered how effectively such incidents can be deterred or remedied. As the crypto industry continues to evolve, the x account hack serves as a reminder that platform governance, user education, and incident-response readiness must improve in tandem.
Ultimately, the x account hack may prove to be a relatively minor monetary event—but its symbolic significance is large. It reflects the perimeter of risk in crypto access and the need for both users and platforms to treat verified social handles as vulnerable points. The industry’s response may determine whether such breaches remain isolated or become recurring vulnerabilities.
