The past 24 hours have been very tumultuous, as one of the largest blockchain networks – the BNB chain – has been hit by a security breach that has led to the hack of a cryptocurrency worth millions.
While the process of freezing and recovering stolen assets and getting the network back to normal is in progress, someone took the opportunity to do another scam.
Enter the BNB HACK INU token
BNBHACKINU – a token created in apparent reference to both the recent BNB Chain hack and the popular dog-themed memecoins – has become the latest scam by perpetrators to steal crypto from innocent people.
It was a Twitter user who provided the information lorem Who is the Hinge How did it all go. According to him, the hacker responsible for the BNB Chain exploit created a token called BNBHACKERINU — just two hours after the first exploit.
Because of how the smart contract is encrypted, it can mint any number of tokens and add them to the owner’s balance. After that, the offender invoked three more functions that allow the owner to take out BNBHACKINU tokens from any owner’s wallet and transfer them to any other wallet.
At this point, I knew this was definitely a rug waiting to happen. The owner kept calling these methods and every time the stolen tokens were sent to a brand new wallet with 0 ETH. I only went through a few transactions but out of the new wallets I looked at, there were more than 7 million BNBHACKINU tokens across all of them.
Then the owner proceeded to mint a huge coin of 1 quadrillion, which instantly destroyed the prize. Once the culprits hardened, the culprits had enough BNBHACKINU tokens to sell for a profit of around 60 ETH.
It’s also worth noting that there is another icon that follows this credential, and it holds the HACKERSHIBA bar.
Probably not BNB Chain Hacker
In response to the topic, it was ZachXBT, who indicated that it was not the scalper (read: BNB Chain hacker) who created the scam code.
The user did not create it. He’s literally just someone impersonating to make it look like the exploiter did. It happens after most major exploits. – he is He said.
Spoofing is a trick that some hackers use to trick unsuspecting users into thinking that the “from” address was generated by that address. This is possible thanks to the broader ERC-20 standard design and block explorer transparent data display.
BNB HACK INSIDE Post: How Someone Stolen 60 ETH After a BNB Chain Hack debuted on CryptoPotato.