BNB Chain confirms full reimbursement for victims of X account hack

BNB Chain announced that all users who were affected by an exploit that started with the compromise of its X account have been compensated.

The BNB Chain was attacked on October 1, 2025, when its official X account was compromised in a phishing scheme that let hackers post about 10 malicious links that tricked users into interacting with fake contracts. 

The breach was quickly detected by the community and BNB Chain’s security team, who regained control of the account within hours. 

BNB Chain’s plans to compensate the affected 

After the team behind BNB regained access to the X account, they shared an update on the incident, confirming that the situation was under control while explaining that the root cause was still under investigation. 

“The estimated damage is $8K, and the victims will be compensated fully,” the tweet read before revealing what they had been able to gather. Allegedly, only one phishing contract was deployed alongside 10 phishing links, and the attacker initially injected $17,800 before exiting 100% of their meme tokens for $22,000. The biggest victim in the scam lost $6,500

The team thanked the community and partners for spreading the word quickly, staying vigilant and supportive throughout the incident. In a later update, they announced plans to reimburse all affected users, though they did not provide details on the process. 

Binance founder Changpeng Zhao (CZ) also commented on the incident, endorsing the recovery of the X account and praising the planned compensation. 

“Hacker got $13K. Security teams are still tracking, with a possible linked KYC. He could have made more by building,” CZ said before emphasizing the distinction between social media security and blockchain platform security, noting that most of the Binance community went unaffected by the phishing scam, thanks to their strong awareness and resistance to such social engineering hacks.

Now, 30 days later, the team has delivered on the promise of compensation. The account also shared an Etherscan link for “transparency” about the refunds.

“The root cause of the breach was identified as a phishing link, which 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,” it added. 

The incident was a good stress test for the BNB community 

While they had access to the BNB Chain X account, the hacker tried different ways to boost their bounty. Other than phishing links, the hacker also injected about $17,800 into a meme token contract under their control, after which they dumped 64% of the supply for the quick $22,000 profit.

However, rather than panic or give in to despair, the BNB Chain community rallied together, ironically pumping the meme token deliberately after the hacker had exited. 

This drove the token’s value to over $6 million with an almost 500% pump, turning it into a missed opportunity for the attacker. 

CZ, commenting on how things were turned around, called it the “funniest comeback by the community,” branding it as an act of resilience. The positive vibes spread to the BNB token as well as it held steady above $1,020 throughout an episode that typically rocks token prices.

Join Bybit now and claim a $50 bonus in minutes