Binance Restores X Account After $13K BNB Chain Phishing Scam
Binance quickly regained control of its hijacked X account after a $13,000 BNB Chain phishing scam targeted users with fake WalletConnect prompts. The attacker posted malicious approval requests on the compromised BNB Chain account to drain funds across multiple chains. Binance suspended the X handle, issued takedown notices for phishing domains and promised full compensation to all affected users. Security teams are tracking the perpetrator, who may be linked to a KYC-verified identity. The BNB price remained stable near $1,011, slipping 1.5% in 24 hours and down 0.5% over the week, while rising 5.4% in two weeks and 18.3% in 30 days. This BNB Chain phishing scam underscores the need for crypto traders to verify official domains and stay alert to social-engineering attacks.
Neutral
The BNB Chain phishing scam had minimal effect on BNB’s market performance, with the token holding near $1,011 and exhibiting only slight short-term volatility. Binance’s swift recovery of the X account, combined with a full compensation pledge, helped maintain trader confidence and mitigated any bearish sentiment. Long-term market fundamentals remain intact, while the incident serves as a cautionary reminder about social-engineering risks rather than a catalyst for price change. Therefore, the overall impact on BNB is neutral.