OracleBNB Rug Pull Reported on BNB Chain
Blockchain security firm PeckShield reported a rug pull involving OracleBNB on the BNB Chain. The project team deleted all social media accounts after the sudden collapse. This move left investors confused and concerned.
Token Price Spiked Before Crashing
OracleBNB’s token price showed extreme volatility, suggesting a pump-and-dump scheme. The price surged 1,280% in one day, likely due to coordinated buying. It then crashed sharply as tokens were quickly sold off. A small price consolidation followed, indicating the market is trying to stabilize.
BNB Chain Restores Official X Account After Breach
Separately, BNB Chain regained full access to its official X account on October 1. The platform announced, “We’re back! The team has regained full access of the @BNBCHAIN account.” The breach’s cause is under investigation.
The attack involved phishing attempts and a malicious contract. Ten phishing links were shared, causing $8,000 in losses across multiple chains. One user lost $6,500. BNB Chain confirmed victims will be fully reimbursed.
