Mobius Token Suffers Major Loss After BNB Chain Exploit

A significant security breach has impacted the Mobius Token ($MBU) on the BNB Chain, resulting in a loss of $2.15 million. Hackers exploited vulnerabilities within the token’s smart contracts on May 11, draining funds from the victim’s wallet. Cyvers Alerts, a cybersecurity firm, identified the malicious actions which involved a contract deployed at 07:31:38 UTC and an attack initiated shortly after, siphoning 28.5 million MBU tokens into stablecoins.