Mobius Token Suffers $2.15 Million Loss in BNB Chain Exploit

According to Cointelegraph, hackers successfully drained over $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain in a targeted exploit detected on May 11. The security firm Cyvers Alerts reported that the attacker deployed a contract from the address 0xb32a53... at 07:31:38 UTC and initiated the exploit at 07:33:56 UTC, siphoning funds from the victim's wallet 0xb5252f.... Cyvers confirmed that the attacker utilized contract 0x631adf... to carry out a series of malicious transactions. This smart contract drained 28.5 million MBU tokens, converting them into stablecoins, which resulted in a net loss of $2,152,219.99 for the victim. The attacker’s wallet remains active, retaining the stolen funds as of the publication date, and the Mobius Token team has yet to release an official statement. In a related development, Cyvers labeled the exploit as “critical,” highlighting the attacker’s use of suspicious contract code and abnormal transaction patterns. The security firm noted that two minutes before the exploit, their system identified the deployment of a malicious smart contract that eventually targeted the Mobius Token smart contracts. This incident adds to the growing list of security breaches in the crypto space. In April 2025, blockchain security firm PeckShield reported nearly $360 million in digital assets were stolen across 18 hacking incidents. This marked a significant increase of 990% compared to March, when losses from hacks totaled approximately $33 million. The largest portion of these losses stemmed from an unauthorized Bitcoin transfer. On April 28, blockchain investigator ZachXBT flagged a suspicious transfer of $330 million in BTC, later confirming it as a social engineering attack targeting an elderly individual in the United States.