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The Coin Rise 2025-05-11 20:30:05

Mobius Hit by $2.15M Heist Amid MBU Tokens Exploit on BNB Chain

Mobius Hit by $2.15M Heist Amid MBU Tokens Exploit on BNB Chain

Malicious actors have struck again, targeting MBU tokens from Mobius smart contracts on the BNB chain. As per the Cyvers Alerts update , the attacker siphoned 28.5 million MBU tokens valued at approximately $2.15 million. Attacker Exploits Smart Contract to Drain 28.5M MBU Tokens According to a report, the malicious actor targeted funds in the Mobius smart contracts. Operating with the contract address “0x631adf…,” the attacker exploited decentralized finance (DeFi) sector vulnerabilities. Notably, the theft was executed using a suspicious contract that directed several malicious transactions to a victim’s wallet. The contract was designed with malicious code, and once deployed, it possibly interacted with the Mobius token smart contract to provide access. The attacker thereafter deposited the stolen funds on Tornado Cash. This could serve as a precursor to laundering the stolen funds. Interestingly, the WazirX hacker also used Tornado Cash to launder 5,000 ETH worth $12 million on the platform. As of press time, the attacker’s wallet remains active. Will Vigilance Help Curb Attacks? According to Cyvers, the transactions were not typical, and there appears to be a pattern linked to the attack. This suggests that experts leverage it to note possible indicators that might serve as detection markers. Cyvers have cautioned users to monitor smart contract deployment and transactions on the blockchain actively. Notably, the Mobius heist highlights that even small actions like contract deployment can give malicious actors leverage to attack. The development highlights the increasing need for developers and investors to enhance security measures that could protect users’ funds. Incidents of malicious attackers usually result in permanent losses for all whose funds were stolen. Sector Still Reeling from Broader DeFi Breaches In December 2024, DMM Bitcoin, a Japanese cryptocurrency exchange, signaled it would shut down . This followed the devastating $320 million Bitcoin hack it suffered in May of the same year. Although the exchange assured users of compensation at the time of the hack, it struggled and could not meet its obligations. Meanwhile, Bybit is still reeling from the $1.4 billion hack, one of the largest thefts in crypto history. Even with the rapid replenishment of about half of its Ether reserves, the exchange felt the impact of the loss. The post Mobius Hit by $2.15M Heist Amid MBU Tokens Exploit on BNB Chain appeared first on TheCoinrise.com .

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