The OracleBNB project on the BNB Chain has been accused of a rug pull, as blockchain security firm PeckShield confirmed. The project’s team swiftly deleted their social media accounts following the price collapse, leaving investors confused and concerned. 🤯
Rapid price surge followed by a dramatic crash: In a short period, OracleBNB’s token saw its price jump an astonishing 1,280%, driven by potential coordinated buying before plummeting after a rapid sell-off.
#PeckShieldAlert #Rugpull @OracleBNB on the BNB Chain has been affected. The team has deleted their social media accounts.
The market is showing signs of stabilization in the wake of this drastic price swing. 📊
Here’s what you need to know:
– The official X account for #BNBChain has been restored following a security breach.
– The platform confirms a loss of $8,000 caused by phishing attempts and malicious contracts, with the estimated cost being covered for all victims.
– A large portion of the loss came from a single user who suffered losses of $6,500.
This story is developing.