BNB Chain X Account Hacked: Phishing Links Tied to Inferno Drainer Group – 2025 Updates

By: crypto insight|2025/10/01 10:40:01

Imagine waking up to news that a major blockchain network’s social media handle has been taken over by hackers, spreading deceptive links that could drain your crypto wallet in seconds. That’s exactly what happened with BNB Chain’s official X account, a hub followed by millions in the crypto community. This incident, which unfolded back on October 1, serves as a stark reminder of the ever-present threats in the digital asset space. As we look back in 2025, with fresh insights and ongoing discussions, let’s dive into what went down, why it matters, and how you can stay protected.

How the BNB Chain Hack Unfolded and CZ’s Swift Warning

The compromise of BNB Chain’s X account sent shockwaves through the crypto world, much like a thief slipping into a crowded party unnoticed. Hackers seized control and began posting phishing links disguised as legitimate Wallet Connect prompts, luring users to connect their wallets and unknowingly hand over access. Binance’s founder, Changpeng “CZ” Zhao, quickly stepped in with a public alert, urging everyone to steer clear. “Don’t connect your wallet to those links,” he emphasized, highlighting the classic phishing tactics at play.

Security teams from BNB Chain jumped into action, notifying X’s support and working to lock down the account. By around 8:26 am UTC that day, they announced regained control. An investigation revealed that about 10 phishing posts led to roughly $8,000 in losses across various chains—a figure that, while not catastrophic, underscores the real financial sting of such attacks. To their credit, the team committed to reimbursing all affected users fully, reinforcing trust in a time of crisis.

Comparing this to past incidents, it’s akin to a digital pickpocket in a bustling market; the Inferno Drainer group, notorious for wallet-draining schemes since around 2022, was linked to the domains used. These scammers create fake sites mimicking real crypto interfaces, making it all too easy for even savvy users to fall victim if they’re not double-checking every detail.

Phishing Domains Exposed: Ties to Inferno Drainer and Security Lessons

Digging deeper, experts like SlowMist’s chief information security officer pointed out the sneaky domain tricks—swapping letters like ‘i’ for ‘l’ to fool the eye. This method, a hallmark of the Inferno Drainer operation, has drained millions from unsuspecting wallets over the years. Think of it as a wolf in sheep’s clothing; the phishing sites look just like trusted platforms, but one wrong click and your assets vanish.

In the aftermath, CZ advised a simple yet powerful habit: always scrutinize domains, even from verified accounts. This breach sparked questions about internal security protocols, with some observers noting that stronger measures could prevent such slip-ups. Fast-forward to 2025, and the incident remains a hot topic on platforms like Twitter (now X), where users frequently discuss “how to spot phishing in crypto” and “BNB Chain security updates.” Google searches for “Inferno Drainer scams” have surged, with queries like “Is my wallet safe after a hack?” topping the charts.

Recent updates as of October 1, 2025, show BNB Chain has bolstered its defenses, including multi-factor authentication for social accounts and partnerships with cybersecurity firms. Official announcements on X confirm no new compromises, but community threads buzz with stories of similar attacks on other projects, emphasizing the need for vigilance. Evidence from blockchain analytics firms like Chainalysis supports this, reporting a 15% drop in phishing-related losses industry-wide thanks to better education and tools—proving that awareness can turn the tide against these threats.

This event also highlights the importance of brand alignment in the crypto space. When a network like BNB Chain aligns its security practices with user expectations—think transparent communication and quick reimbursements—it builds lasting loyalty. It’s like a trusted friend who owns up to mistakes and makes things right, strengthening the community’s bond and setting a positive example for emerging projects.

In a landscape rife with such risks, platforms that prioritize security stand out. Take WEEX exchange, for instance—it’s gained a reputation for robust protection measures, including advanced encryption and real-time monitoring, ensuring users trade with peace of mind. By focusing on user-centric features like seamless wallet integrations without the phishing pitfalls, WEEX enhances its branding as a reliable hub for crypto enthusiasts, fostering credibility in an often unpredictable market.

Broader Implications: Staying Safe in the Crypto World

Reflecting on this hack, it’s clear that no account is immune, but proactive steps can make all the difference. Users who heeded CZ’s warning avoided losses, much like dodging a hidden trap in a familiar path. The incident fueled discussions on Twitter about “crypto wallet security tips,” with viral posts sharing real-world examples of recovered funds through vigilant reporting.

As we navigate 2025, with crypto adoption at all-time highs—evidenced by over 500 million global users per recent Deloitte reports—the focus on education remains key. Simplifying it with an analogy: treating your wallet like a physical safe means locking it tight and questioning every key you hand out. This approach not only protects individuals but fortifies the entire ecosystem against groups like Inferno Drainer.

FAQ

What exactly happened in the BNB Chain X account hack?
Hackers took over the account on October 1, posting phishing links that mimicked Wallet Connect to steal from users’ crypto wallets. The team regained control quickly and reimbursed losses totaling $8,000.

How can I protect my crypto wallet from phishing scams like Inferno Drainer?
Always verify domains carefully, use hardware wallets for added security, and enable two-factor authentication. Avoid clicking links from untrusted sources, even if they appear official.

Are there any recent updates on BNB Chain’s security since the hack?
As of 2025, BNB Chain has implemented enhanced protocols, including better account monitoring, with no new incidents reported. Community feedback on X continues to drive improvements in phishing prevention.

Over the past 24 hours, the crypto market has shown strong momentum across multiple dimensions. The mainstream discussion has focused on Coinbase's official entry into the prediction market through the acquisition of The Clearing Company, as well as the intense controversy within the AAVE community regarding token incentives and governance rights.

In terms of ecosystem development, Solana has introduced the innovative Kora fee layer aimed at reducing user transaction costs; meanwhile, the Perp DEX competition has intensified, with the showdown between Hyperliquid and Lighter sparking widespread community discussion on the future of decentralized derivatives.

I. Mainstream Topics

1. Coinbase Acquires The Clearing Company, Officially Entering Prediction Market

This week, Coinbase announced the acquisition of The Clearing Company, marking another significant move to deepen its presence in this field after last week's announcement of launching a prediction market on its platform.

The Clearing Company's founder, Toni Gemayel, and the team will join Coinbase to jointly drive the development of the prediction market business.

Coinbase's Product Lead, Shan Aggarwal, stated that the growth of the prediction market is still in its early stages and predicts that 2026 will be the breakout year for this field.

The community has reacted positively to this, generally believing that Coinbase's entry will bring significant traffic and compliance advantages to the prediction market. However, this has also sparked discussions about the industry's competitive landscape.

Jai Bhavnani, Founder of Rivalry, commented that for startups, if their product model proves to be successful, industry giants like Coinbase have ample reason to replicate it.

This serves as a reminder to all entrepreneurs in the crypto space that they must build significant moats to withstand competition pressure from these giants.

2. Kalshi Launches Kalshi Research and Integrates BSC Network

Regulated prediction market platform Kalshi launched its research arm, Kalshi Research, this week, aimed at opening its internal data to the academic community and researchers to facilitate exploration of prediction market-related topics.

Its inaugural research report highlights Kalshi's outperformance in predicting inflation compared to Wall Street's traditional models. Kalshi co-founder Luana Lopes Lara commented that the power of prediction markets lies in the valuable data they generate, and it is now time to better utilize this data.

Meanwhile, Kalshi announced its support for the BNB Chain (BSC), allowing users to deposit and withdraw BNB and USDT via the BSC network.

This move is seen as a significant step for Kalshi to open its platform to a broader crypto user base, aiming to unlock access to the world's largest prediction market. Furthermore, Kalshi also revealed plans to host the first Prediction Market Summit in 2026 to further drive industry engagement and development.

3. AAVE Token Incentive Controversy Persists as Founders and Whales Increase Holdings Against the Market Trend

The AAVE community recently engaged in heated debates around an Aave Improvement Proposal (AIP) titled "AAVE Tokenomics Alignment Phase One - Ownership Governance," aiming to transfer ownership and control of the Aave brand from Aave Labs to Aave DAO.

Aave founder Stani Kulechov publicly stated his intention to vote against the proposal, believing it oversimplifies the complex legal and operational structure, potentially slowing down the development process of core products like Aave V4.

The community's reaction was polarized. Some criticized Stani for adopting a "double standard" in governance and questioned whether his team had siphoned off protocol revenue, while others supported his cautious stance, arguing that significant governance changes require more thorough discussion.

This controversy highlights the tension between the ideal of DAO governance in DeFi projects and the actual power held by core development teams.

Despite governance disputes putting pressure on the AAVE token price, on-chain data shows that Stani Kulechov himself has purchased millions of dollars' worth of AAVE in the past few hours.

Simultaneously, a whale address, 0xDDC4, which had been quiet for 6 months, once again spent 500 ETH (approximately $1.53 million) to purchase 9,629 AAVE tokens. Data indicates that this whale has accumulated nearly 40,000 AAVE over the past year but is currently in an unrealized loss position.

The founder and whale's increased holdings during market volatility were interpreted by some investors as a confidence signal in AAVE's long-term value.

4. Top Articles: DeFi Curators and Ethereum Annual Summary

In this week's top article, Morpho Labs' "Curator Explained" detailed the role of "curators" in DeFi.

The article likened curators to asset managers in traditional finance, who design, deploy, and manage on-chain vaults, providing users with a one-click diversified investment portfolio.

Unlike traditional fund managers, DeFi curators execute strategies automatically through non-custodial smart contracts, allowing users to maintain full control of their assets. The article offered a new perspective on the specialization and risk management in the DeFi space.

Another widely circulated article, "Ethereum 2025: From Experiment to Global Infrastructure," provided a comprehensive summary of Ethereum's development over the past year. The article noted that 2025 is a crucial year for Ethereum's transition from an experimental project to global financial infrastructure. Through the Pectra and Fusaka hard forks, Ethereum achieved significant reductions in account abstraction and transaction costs.

Furthermore, the SEC's clarification of Ethereum's "non-securities" nature and the launch of tokenized funds on the Ethereum mainnet by traditional financial giants like JPMorgan marked Ethereum's gaining recognition from mainstream institutions. The article suggested that whether it is the continued growth of DeFi, the thriving L2 ecosystem, or the integration with the AI field, Ethereum's vision as the "world computer" is gradually becoming a reality.

II. Mainstream Ecosystem Updates

1. Solana: Launches Kora Fee Layer and propAMM Data Research

The Solana Foundation engineering team released a fee layer solution called Kora this week.

Kora is a fee relayer and signatory node designed to provide the Solana ecosystem with a more flexible transaction fee payment method. Through Kora, users will be able to achieve gas-free transactions or choose to pay network fees using any stablecoin or SPL token. This innovation is seen as an important step in lowering the barrier of entry for new users and improving Solana network's availability.

Additionally, a deep research report on propAMM (proactive market maker) sparked community interest. The report's data analysis of propAMMs on Solana like HumidiFi indicated that Solana has achieved, or even surpassed, the level of transaction execution quality in traditional finance (TradFi) markets.

For example, on the SOL-USDC trading pair, HumidiFi is able to provide a highly competitive spread for large trades (0.4-1.6 bps), which is already better than the trading slippage of some mid-cap stocks in traditional markets.

Research suggests that propAMM is making the vision of the "Internet Capital Market" a reality, with Solana emerging as the prime venue for all of this to happen.

2. Perp DEX: Hyperliquid vs. Lighter Competition Intensifies

The competition in the perpetual contract DEX (Perp DEX) space is becoming increasingly heated.

In its latest official article, Hyperliquid has positioned its emerging competitor, Lighter, alongside centralized exchanges like Binance, referring to it as a platform utilizing a centralized sequencer. Hyperliquid emphasizes its transparency advantage of being "fully on-chain, operated by a validator network, and with no hidden state."

The community widely interprets this as Hyperliquid declaring "war" on Lighter. The technical differences between the two platforms have also become a focal point of discussion: Hyperliquid focuses on ultimate on-chain transparency, while Lighter emphasizes achieving "verifiable execution" through zero-knowledge proofs to provide users with a Central Limit Order Book (CLOB)-like trading experience.

This battle over the future direction of decentralized derivatives exchanges is expected to peak in 2026.

Meanwhile, discussions about Lighter's trading fees have surfaced. Some users have pointed out that Lighter charged as much as 81 basis points (0.81%) for a $2 million USD/JPY forex trade, far exceeding the near-zero spreads of traditional forex brokers.

Some argue that Lighter does not follow a B-book model that bets against market makers, instead anchoring its prices to the TradFi market, and the high fees may be related to the current liquidity or market maker balance incentives. Providing a more competitive spread for real-world assets (RWA) in the highly volatile crypto market is a key issue Lighter will need to address in the future.

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1. On-chain Volume: $305.1M USD flowed into Arbitrum today; $220.6M USD flowed out of Hyperliquid 2. Largest Price Swings: $LUX, $FOLKS 3. Top News: The predict.fun airdrop is upcoming, eligible for Meme Traders on the BNB Chain and Aster DEX participants

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