The official BNB Chain X (formerly Twitter) account has been compromised, with hackers using the handle to push phishing links, fake airdrops, and a meme coin promotion featuring Binance founder Changpeng Zhao (CZ). The breach has sparked concern among investors and the broader crypto community, raising questions about security on major blockchain networks.
Hackers Exploit Verified Handle
A few hours ago, Binance’s Chinese account confirmed the breach, warning users that the English-language @BNBCHAIN account was under repair. Hackers used the platform to promote a meme coin with CZ’s face and branding, in addition to advertising an airdrop with free token rewards. Several malicious links were posted, directing followers to phishing websites that attempted to trick users into connecting their wallets.
The incident is particularly sensitive as BNB Chain has been steadily gaining traction in areas such as real-world asset (RWA) tokenization. The misuse of its official social media presence has created confusion, especially since the fraudulent campaign came just weeks after CZ made headlines for saying meme coins could have “utility” during Binance’s Giggle Academy fundraising.
CZ Issues Urgent Warning
CZ was quick to address the situation, issuing an urgent message via his personal X account. He urged followers to “stay SAFU” and avoid interacting with any suspicious links shared by the hacked handle.
“The @BNBCHAIN X account is compromised. The hacker posted a bunch of links to phishing websites that ask for Wallet Connect. Do NOT connect your wallet,” he wrote. “Security teams have notified X already, working to suspend the account first, then restore access. Also take-down requests to take down all phishing websites. Always check the domains very carefully, even from official X handles.”
Binance’s security team has since notified X’s administrators and requested suspension of the compromised account. Recovery efforts are ongoing as the exchange works to regain control.
Market Impact and Investor Sentiment
The breach has had an immediate effect on sentiment around BNB. At press time, BNB price was down 1.83% to $1,010, though bulls have managed to keep it above the crucial $1,000 support level. Investors are monitoring developments closely, as market volatility is already heightened by macroeconomic concerns such as the looming threat of a U.S. government shutdown.
Bitcoin has so far held firm at $114,000, while altcoins, including BNB, remain under pressure. For now, market participants are focused on the security incident and awaiting further updates from Binance.
The Bigger Picture
This attack serves as a stark reminder of the risks posed by social media exploits in crypto. Even official and verified accounts can be hijacked, leaving unsuspecting investors vulnerable. CZ’s swift warning underscores the importance of double-checking links and domains—even when they appear to come from trusted sources.
With crypto adoption expanding and BNB Chain pushing deeper into new markets, ensuring trust and credibility in its communication channels will remain critical to protecting both the ecosystem and its community.