After a hacker made $4,000 from promoting a meme token, BNB Chain compensates affected users and regains control of the compromised account, while the token's price skyrockets due to community-driven action.
On October 1, a hacker compromised BNB Chain's official X account, promoting a meme token and making a $4,000 profit. The community, responding to the incident, pushed the '4' token's price up by over 500%, resulting in a $17.24 million market cap and $18.4 million trading volume. BNB Chain confirmed the attack caused $8,000 in user losses, with full compensation pledged. The account has been restored and an investigation is ongoing.