Hackers drained over $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain in a targeted exploit detected early May 11, according to security firm Cyvers Alerts.
The attacker deployed the contract from address 0xb32a53… at 07:31:38 UTC and initiated the exploit at 07:33:56 UTC, draining funds from the victim wallet 0xb5252f…
Cyvers confirmed to Cointelegraph that the attacker used contract 0x631adf… to execute a series of malicious transactions. The smart contract drained 28.5 million MBU tokens and converted them into stablecoins, resulting in a net loss of $2,152,219.99 for the victim.
In total, the attacker stole 28.5 million MBU tokens and converted them to $2.15 million worth of USDT.
Cyvers labeled the exploit as โcriticalโ and noted the attackerโs use of suspicious contract code and abnormal transaction patterns.
The attackerโs wallet remains active and has retained the stolen funds as of publication. Mobius Tokenโs team has not yet released an official statement.
โTwo minutes prior to the exploit, our system identified a deployment of a malicious smart contract that eventually targeted the Mobius Token smart contracts,โ Cyvers wrote on X.
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