BNB Chain Successfully Overcomes X Account Hack with Full Compensation!

Jakarta, Pintu News – BNB Chain recently announced that it has found the root cause of the X account hack that resulted in a loss of $13,000. All affected users have received full compensation. This incident highlights the importance of security in the digital world and how a quick response can minimize the negative impact of a cyber attack.

Causes and Remedies for Hacking

The hack, which occurred on October 1, began with a phishing link that managed to trick the security system. Hackers managed to take over BNB Chain’s official account on social media platform X and used the account to spread a malicious link. The link directed users to a fake site designed to steal credentials and funds.

BNB Chain quickly identified and removed the link, and took steps to secure accounts from similar threats in the future. Following the incident, BNB Chain conducted an internal investigation and found that the attack was carried out through the exploitation of phishing links.

BNB Chain’s security team has implemented additional security measures to prevent similar incidents. Despite taking precautionary measures, BNB Chain has not yet revealed plans to track down the perpetrators behind the attack or efforts to recover the stolen funds.

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Compensation to Users

BNB Chain has taken swift steps to compensate all users affected by the hack. Compensation was made by transferring Tether (USDT) to 13 affected users, with a total loss amount of approximately $13,000. The largest transfer amounted to $6,586, while the smallest transfer was $1.13.

This step demonstrates BNB Chain’s commitment to maintaining user trust and handling incidents with responsibility. In addition to providing compensation, BNB Chain has also communicated openly about the incident and the steps being taken to avoid similar incidents in the future.

BNB Chain’s transparency and quick response has been appreciated by the community, although this incident has caused concern among users.

Also read: Teucrium Files Flare Network ETF, XRP Hits $120 Million in FXRP Minting!

Impact on BNB Exchange Rate

Although this incident is quite serious, the announcement about compensation and quick handling seems to have had minimal impact on the Binance Coin (BNB) exchange rate. At press time, BNB is hovering around $1,090, down 1.7% in the last 24 hours. This decline is part of a downward trend that has been ongoing for a week, with a total decline of 3.29%.

Crypto markets are often sensitive to security news, but BNB Chain’s quick and transparent response may have helped minimize the negative impact on BNB prices, demonstrating the importance of effective crisis management in maintaining market stability.

Conclusion

The BNB Chain account hacking incident on platform X emphasizes the importance of cybersecurity and rapid response in the crypto industry. Although the hackers were successful in stealing funds, BNB Chain’s quick action in identifying the problem, securing the accounts, and compensating users demonstrates their commitment to security and user trust. Moving forward, it is important for all stakeholders in the industry to continuously improve their security and preparedness against cyberattacks.

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Reference

• Crypto News. BNB Chain Reveals Root Cause of 13k X Account Hack. Accessed on November 3, 2025
• Featured Image: Decrypt