Mobius DeFi Hack on BNB Chain Leads to $2.15 Million Loss

By: bitcoin ethereum news|2025/05/11 21:00:15

A critical vulnerability in the Mobius Token (MBU) smart contract on BNB Smart Chain has led to a $2.15 million loss, adding to the growing list of crypto-related exploits in 2025. Mobius is a lesser-known project within the BNB ecosystem. The attack, confirmed by Web3 security firm Cyvers on May 11, involved a malicious hacker who took advantage of a flaw in the MBU minting mechanism. Mobius Attacker Moves Fund Through Tornado Cash According to Cyvers, the incident began at 07:31 UTC when a wallet (0xB32A5) deployed a rogue contract. Just two minutes later, another address (0x631adf) initiated a series of suspicious transactions. Using only 0.001 BNB, the attacker minted 9.73 quadrillion MBU tokens and quickly exchanged them for stablecoins, netting $2.15 million. In the same process, the attacker also gained an additional 28.5 million MBU tokens. After the exploit, the stolen assets were moved to Tornado Cash, a popular protocol that anonymizes transactions. The method and speed of the exploit point to a calculated move to evade tracking and asset recovery. This incident further highlights the persistent vulnerabilities facing smart contract-based systems. Meanwhile, this Mobius hack makes it the latest victim in a wave of blockchain exploits that have resulted in the loss of around $2 billion across various platforms, including Bybit. BNB Chain Activity Surges Despite isolated incidents like the Mobius breach, BNB Chain is witnessing a significant resurgence in user and developer activity. Over the past months, the network has reemerged as a top contender in the DeFi space. Data from DefiLlama shows that the total value locked (TVL) on BNB Chain has surpassed $10 billion, reaching a three-year high. However, it is still significantly below the 2021 all-time high of more than $40 billion. BNB Chain also recently claimed the top spot in the decentralized exchange (DEX) sector, outpacing both Ethereum and Solana. Market observers noted that the network’s growth is fueled by fresh institutional interest, an increase in DeFi participation, and strong demand for on-chain assets. Moreover, the momentum can also be partly attributed to Binance’s continued influence and Changpeng Zhao’s renewed focus on the blockchain network. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Source: https://beincrypto.com/mobius-defi-hack-on-bnb-chain/

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles

Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed

The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...