BNB Chain has completed full reimbursement for all users affected by the October 1, 2025, account compromise that led to total losses of $8,000.
The platform confirmed the completion of repayments on October 31, a month after the incident, assuring the community that every victim was fully compensated.
The breach began when the project’s official X account was hijacked and used to post 10 phishing links.
These links tricked users into interacting with fraudulent contracts, draining funds from several wallets. The largest single victim lost $6,500, while smaller sums were taken from others.
According to the investigation, the attacker deployed one phishing contract, initially injecting $17,800 worth of tokens before converting meme tokens for roughly $22,000.
However, the actual damage to users across all chains was limited to $8,000, which the BNB Chain team promptly covered.
Internal review reveals cause of breach
After regaining full access to its X account, BNB Chain launched a detailed internal review. The breach was traced to a phishing link that targeted the account’s authentication system.
Once identified, the malicious content was immediately removed, and new multi-layered protections were introduced.
The team emphasized that transparency would remain a key value moving forward. To reinforce user trust, BNB Chain published transaction details of all reimbursements and shared updates publicly to ensure community awareness.
The project also committed to implementing additional verification layers and continuous monitoring to avoid similar breaches in the future.
Community praises BNB Chain’s accountability
The crypto community largely welcomed BNB Chain’s response. Influencer Joe appreciated the swift action and transparency, calling it a rare example of accountability in the space.
Similarly, Cos from SlowMist Team acknowledged the gesture as commendable, noting that few projects offer full reimbursement to victims after such incidents.
By acting decisively and taking financial responsibility, BNB Chain has managed to restore community confidence while setting an example for other blockchain projects facing similar threats.
In addition, the Binance Coin (BNB) price is projected to regain its bullish momentum, with the first major resistance level at $1,141.