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Cryptocurrency News Articles

BNB Chain Faces Potential $80K Bitcoin Exploit, Ethical Hacker Suspected

May 28, 2024 at 09:51 pm

The BNB Chain is facing a potential $80,000 Bitcoin exploit, with multiple suspicious transactions involved. While it's considered a relatively small amount compared to other crypto attacks, it has raised questions about the attacker's motives.

BNB Chain Faces Potential $80K Bitcoin Exploit, Ethical Hacker Suspected

A potential Bitcoin (BTC) exploit on the BNB Chain has been detected by on-chain security firm Cyvers. Multiple suspicious transactions are involved in the incident, which amounts to approximately $80,000 in lost funds. While the sum is relatively small compared to other crypto attacks, it has raised questions about the attacker's motives.

According to Cyvers, the attacker received funding through TornadoCash and performed transactions with the Binance exchange. This indication suggests that the attacker might be an ethical or "white hat" hacker who is scanning the BNB Chain for vulnerabilities to report them to the blockchain's team.

However, the identity and intentions of the attacker are yet to be confirmed. Cyvers has notified the BNB Chain team and the community about the suspicious activity to bring it to their attention and facilitate a swift response.

On May 28, Cyvern's system detected multiple suspicious transactions involving BTC tokens on the BNB Chain. The total loss is approximately $80K. The attacker received funding via Tornado and also interacted with the Binance exchange, indicating a possible whitehat action.

? Multiple suspicious transactions detected by our system, involving $BTC token on $BNB chain!?

Total loss: ~$80K

The attacker received funding via @TornadoCash and performed transactions with the @binance exchange (whitehat action?).?

Follow the trail:

? Block: 25095999

? Tx: 0x9333638877777777777777777777777777777777777777777777777777777777

? Chain: BNB Chain

? Token: BTCB

? Amount: -0.0039 BTC

? Cost: 0.0003 BNB

? Block: 25095999

? Tx: 0x9333638877777777777777777777777777777777777777777777777777777777

? Chain: BNB Chain

? Token: BTCB

? Amount: -0.0039 BTC

? Cost: 0.0003 BNB

? Block: 25095999

? Tx: 0x9333638877777777777777777777777777777777777777777777777777777777

? Chain: BNB Chain

? Token: BTCB

? Amount: 0.0039 BTC

? Cost: 0.0002 BNB

? Block: 25095999

? Tx: 0x9333638877777777777777777777777777777777777777777777777777777777

? Chain: BNB Chain

? Token: BTCB

? Amount: 0.0039 BTC

? Cost: 0.0002 BNB

? Block: 25095999

? Tx: 0x9333638877777777777777777777777777777777777777777777777777777777

? Chain: BNB Chain

? Token: BTCB

? Amount: -0.0039 BTC

? Cost: 0.0003 BNB

? Block: 25095999

? Tx: 0x9333638877777777777777777777777777777777777777777777777777777777

? Chain: BNB Chain

? Token: BTCB

? Amount: -0.0039 BTC

? Cost: 0.0003 BNB

? Block: 25095999

? Tx: 0

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