#MarketPullback #BinanceHODLerLA $BNB $BTC $ETH Hackers Target Social Media Accounts Amid the Rise of Memecoins.

On October 1, 2025, the official account of **BNB Chain on X (Twitter)** was **hacked** and used to promote a **fake airdrop** of a memecoin. The attackers posted **phishing** links and a **fraudulent contract address**, causing some users to connect their wallets and lose around **8,000 USD**.

The founder of Binance, **Changpeng “CZ” Zhao**, warned about the rise of **compromised verified accounts** being used to deceive investors and emphasized that **neither Binance nor BNB Chain** promotes memecoins or shares contracts on social media.

After the incident, **BNB Chain regained control** of its account and **strengthened its security measures**. The crypto community responded by implementing **two-factor authentication, password rotation** and alternative communication channels.

The case is considered an *example of the risks of social engineering* and underscores the importance of **cybersecurity education** within the crypto ecosystem.