Mobius tortures $2.1 million smart contract hacks on BNB chain

Mobius Token ($MBU) suffered from smart contract exploits in the BNB chain, leading to a loss of $2.15 million. The exploits detected by security company cyber alerts occurred early on May 11th.

According to the security company, the hacker deployed contracts from address 0xB32A53…07:31:38 UTC, began exploiting to UTC, 07:33:56, and discharged funds from victims’ wallet 0xB5252F…

According to the report, Cyvers said the attacker will use contract 0x631ADF to execute a series of malicious transactions. The smart contracts emitted about 28.5 million MBU tokens worth around $2,152,219.99, converting them into stable ones after theft.

Mobius suffers from smart contract hacks on BNB chain

According to a Cyvers statement, Mobius Exploit is “important,” with the platform focusing on attackers’ use of suspicious contract codes and anomalous transaction patterns.

“Two minutes before the exploit, our system ultimately identified a malicious smart contract deployment targeting the smart contracts for Mobius tokens,” Cyvers wrote in X.

🚨alert🚨
Our system detected an exploit for Mobius Token smart contracts and was released over $2.15 million in Mobius Token ($MBU) in the BNB chain.

Two minutes before the exploit, our system identified the deployment of a malicious smart contract.

– 🚨Cyber ​​Alerts🚨 (@cyversalerts) May 11, 2025

In a follow-up post, Cyvers said the attackers deposited their funds into Tornado Cash, a decentralized platform that runs on Ethereum and acts as a money mixer. The platform blurs the fund trail and therefore does not connect to the original source.

However, the Mobius Token team has not yet issued an official statement acknowledging development.

Meanwhile, in April there was nearly $360 million in illegal activity and code losses to actors. Last month, blockchain security company Peckshield reported that the Crypto industry witnessed losses in 18 different hacking incidents. According to Hacken CEO Dyma Budorin, Crypto’s companies have yet to change their approach to cybersecurity, and many of these hacks are happening.

Despite losing $1.4 billion in a recent Buybit Hack earlier this year, Budorin said they would think these companies will increase their security measures, noting that they continue to rely on regular measures, including bug awards and penetration testing, rather than using a comprehensive security strategy. “Most of the projects are, ‘Well, we did a pentest. That’s enough. Maybe a bounty of a bug. That’s enough.'” It’s not enough. ”

Reports say the biggest chunk of losses in April came from fraudulent Bitcoin transfers worth $330 million. Theft, now ranked as the fifth largest crypto hack in history, was carried out using social engineering tactics. The wallet is said to have belonged to an elderly US citizen, and on-chain detective ZACHXBT flagged the deal and revealed important details about the exploit.