Breaking: BNB Chain Account Hacked With Founder CZ Shown Promoting Meme Coin

Bhushan Akolkar
2 hours ago
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BNB Chain Account Hacked With Founder CZ Shown Promoting Meme Coin

Highlights

  • Hackers have been posting phishing and airdrop links with official BNB Chain account handle after the exploit.
  • CZ issued an urgent warning advising users not to connect wallets via the malicious links, stressing the need to verify domains.
  • Binance security teams have notified X, moved to suspend the compromised account.

The official X account BNB Chain has been compromised, with recent posts promoting a meme coin while featuring founder Changpeng Zhao (CZ). Another post also promoted an airdrop with free rewards on the BNB Chain. The social media team of Binance has been working to gain back control, with the founder issuing an important message.

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BNB Chain Account Promotes Meme Coin

A few hours back, Binance’s Chinese account issued an urgent warning that the official English X account @BNBCHAIN has been compromised and is under repair. Interestingly, the hackers promoted a meme coin with the feature of Changpeng Zhao (CZ) on it. Interestingly, this meme coin promotion comes within two weeks of CZ stating that meme coins have ‘utility’ after securing a million-dollar funding for Binance’s Giggle Academy.

BNB Chain hacked Account Promoting Meme Coin
Source: BNB Chain

Furthermore, the scammers also posted about airdrop events taking place on BNB Chain and the distribution of free rewards. Well, the hackers have posted multiple such links through the official X handle, leaving investors confused regarding the current developments. The BNB Chain has been gaining much popularity while taking the lead in emerging areas like RWA tokenization.

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CZ Says Stay SAFU In A Crucial Message

Bounce founder Zhao was quick to issue a message through his X handle and asked investors to stay SAFU. The Binance founder wrote:

“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.

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.

Stay SAFU!”

Interestingly, this development occurred hours after CZ geared up his followers for a Uptober Rally, following a strong September. Following the latest development, the BNB price is down 1.83% to $1,010, however, bulls have continued to hold above the crucial support of $1,000.

Investors shall be closely watching these developments, as the crypto market is likely to face volatility amid fears of a US shutdown. While Bitcoin has been holding the line at $114,000, altcoins have been under pressure as of press time.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.