According to blockchain security firm Cyvers Alerts, Mobius Token (MBU) smart contracts on the BNB Chain were exploited in a critical attack on May 11, resulting in the theft of 28.5 million MBU tokens, worth over $2.15 million.
Millions Lost Within Minutes
The attacker deployed a smart contract from address 0xb32a53… at 07:31 UTC and launched the exploit two minutes later from contract 0x631adf…, draining funds from wallet 0xb5252f… The stolen tokens were quickly converted into USDT, totaling $2,152,219.99.
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Cyvers classified the exploit as “critical,” citing abnormal transaction patterns and suspicious contract code. As of publication, the attacker’s wallet remains active and has not moved the stolen assets. No official statement has been issued by the Mobius Token team.
Cyvers noted their system had flagged the malicious contract two minutes prior to the exploit, but it was too late to prevent the loss.
Crypto Exploits Surge in 2025
This incident follows a wave of crypto hacks reported in April 2025, when PeckShield identified over $360 million in digital asset losses from 18 attacks — a 990% increase from March. The largest was a $330 million BTC theft via social engineering.
As the crypto space grows, so do the threats. This attack highlights the importance of not only decentralization but robust smart contract security in protecting investors and protocols alike.
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