BNB Chain’s Official X Account Compromised, Phishing Links Shared

Binance’s founder, Changpeng Zhao, reported that the official BNB Chain Twitter account was hacked on October 1, leading to phishing link postings aimed at users via WalletConnect.

This breach highlights ongoing security vulnerabilities in the cryptocurrency sector, sparking potential market volatility and urging users to verify links carefully even from trusted sources.

BNB Chain Account Breach: Key Developments and Security Measures

Hackers infiltrated BNB Chain’s official X account and distributed phishing links, falsely representing them as official messages. Changpeng Zhao, commonly known as CZ, reported the breach and emphasized caution while the security team intervened to resolve the issue. The team coordinated with X to freeze the compromised account and suppress phishing websites.

The immediate threat involves users connecting their wallets to the illicit links using WalletConnect, risking asset losses. The security team is deploying measures to prevent further unauthorized access. User vigilance is advised against engaging with suspicious links, even those appearing from trusted sources.

Community feedback has highlighted widespread concern, with stakeholders urging tightened security protocols on social media channels to deter future incidents. CZ reiterated:

Even verified accounts aren’t always safe, urging users to thoroughly verify each link’s legitimacy.

BNB Price and Market Impact Amid Security Concerns

Did you know? The October 2022 BNB Chain bridge exploit led to the unauthorized creation of 2 million BNB. This underscores the critical need for robust security protocols to protect users from phishing attacks.

As of October 1, 2025, BNB is valued at $1,011.53. It holds a market cap of approximately 140,790,648,327 and dominates 3.60% of the market. The circulating supply is 139,185,425 BNB, with a 24-hour trading volume of 3,056,013,757. Data from CoinMarketCap illustrates volatile movements, including a 1.56% decrease over the past 24 hours and an 18.78% increase over the past 30 days.

Insights from the Coincu research team suggest that security breaches such as this drive both regulatory attention and technological advancements in blockchain protocols. Strengthening user authentication processes and enhancing public awareness are proposed as preventative measures to safeguard against similar threats.