Over $2.15 million was siphoned off from the Mobius Token ($MBU) smart contracts on the BNB Chain by hackers, as identified by security company Cyvers Alerts on early May 11 during a focused attack.
The assailant activated the contract from address 0xb32a53… at 07:31:38 UTC and commenced the attack at 07:33:56 UTC, emptying assets from the target wallet 0xb5252f…
Cyvers told Cointelegraph that the hacker utilized contract 0x631adf… for carrying out several harmful transactions. This smart contract siphoned off 28.5 million MBU tokens and then converted them.
them into stablecoins
, leading to a net loss of $2,152,219.99 for the victim.
Altogether, the hacker stole 28.5 million MBU tokens and exchanged them for approximately $2.15 million in USDT.
Cyvers categorized the vulnerability as “critical” and highlighted the suspect contract code employed by the attacker along with unusual transaction activity.
As of publishing time, the hacker’s wallet is still operational and continues to hold the pilfered assets. The Mobius Token team has not issued any formal announcement regarding this incident.
“Approximately two minutes before the attack, our system detected the deployment of a malicious smart contract that ultimately aimed at targeting the Mobius Token smart contracts,” Cyvers stated on X.
Related:
Bybit reportedly recovers all $1.4 billion worth of stolen cryptocurrency within 10 days through laundering efforts.
Cryptocurrency losses reached nearly $360 million in April.
In April 2025, the blockchain security company PeckShield stated that the space
saw nearly $360 million
In digital assets taken during 18 hacking occurrences.
In April, the losses saw a 990% surge from March, during which crypto suffered around $33 million due to hacking incidents. Most of these losses stemmed from one major event.
unauthorized Bitcoin transfer
.
On April 28, blockchain investigator ZachXBT highlighted an unusual movement of $330 million worth of Bitcoin. Subsequently, the investigator verified that this transaction was indeed a
A social engineering assault aimed at senior citizens
person in the United States.
Magazine:
12 minutes of heart-pounding suspense as Ethereum’s Pectra fork launcheslive
Discover more from newsonblockchain.com
Subscribe to get the latest posts sent to your email.
