BNB Chain Restores X Account After Phishing Breach Amid Rising Crypto Scams

BNB Chain has restored control of its official X account after a phishing attack briefly misled users with fake reward links. Although limited in scale, the breach is the latest reminder of the growing threat of scams targeting crypto communities. Losses were contained, but the event comes amid a broader rise in phishing-related thefts across the industry.

BNB Chain Confirms Contained Attack

BNB Chain has regained control of its official X account following a security breach that briefly exposed users to phishing links. The incident, confirmed in the early hours of Wednesday, prompted an immediate warning from Binance co-founder Changpeng “CZ” Zhao, who urged followers not to interact with any recent posts.

The breach came to light after the compromised account posted a fraudulent link promoting a fake reward program. Report shows that the post encouraged users to vote on an ‘upcoming $BSC rewards date,’ falsely promising token incentives for early participants. Sources later confirmed that the link was designed to steal funds and personal information, a tactic commonly used in phishing schemes.

According to BNB Chain, the attack involved a single phishing contract and ten malicious links. Losses were limited, with total damage estimated at around $8,000 across all networks. 

One victim accounted for most of the losses, losing roughly $6,500. The attacker deployed a phishing contract, injecting approximately $17,800 before cashing out all of his meme tokens for about $22,000.

However, the phishing content was contained quickly, and no further compromise of the network occurred. While the account has since been secured, the cause of the breach has not yet been disclosed. BNB Chain confirmed it restored full access to the account, noting that the breach was contained and limited in impact.

Crypto Phishing Attacks Surge: Losses in 2025 Already Top $2.17B

The breach adds to growing concerns over phishing attacks targeting the crypto sector. A recent Chainalysis report revealed that by June 2025, cybercriminals had stolen approximately $2.17 billion through exploits and scams. This figure has already surpassed the total losses of 2024 and is 17% higher than in 2022. If current trends continue, losses for 2025 could exceed $4 billion.

Phishing has proven especially damaging for individual investors, as well as large asset holders. In one recent case, a BNB whale lost $13.5 million after interacting with a malicious link. The scale of the incident briefly sparked fears of a protocol-level hack before being confirmed as an isolated scam. 

Attackers have also targeted legacy funds, including an address linked to $8.7 billion in Bitcoin stolen from the Mt. Gox exchange. The BNB Chain incident highlights the persistence of phishing threats in the crypto space, underscoring the need for vigilance.