Mobius Token Smart Contracts Exploited, $2.1M Drained on BNB Chain

A critical exploit has left a trail of destruction in its wake, draining a staggering $2.15 million in MBU tokens from Mobius smart contracts on the BNB Chain.

According to security firm Cyvers Alerts, the attack was detected early on May 11th. The attacker deployed a contract from address 0xb32a53... at 07:31:38 UTC and initiated the exploit at 07:33:56 UTC, leaving a victim wallet 0xb5252f... with a devastating loss.

Cyvers confirmed to Cointelegraph that the attacker used contract 0x631adf... to execute a series of malicious transactions. The smart contract in question 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. The attack was labeled as "critical" by Cyvers, citing suspicious contract code and abnormal transaction patterns.

The attacker's wallet remains active and has retained the stolen funds as of publication. Mobius Token's team has not yet released an official statement regarding the incident.

“Two minutes prior to the exploit, our system identified a deployment of a malicious smart contract that eventually targeted the Mobius Token smart contracts,” Cyvers wrote on X.

Crypto Losses Near $360 Million in April

In April 2025, blockchain security firm PeckShield reported that the space saw nearly $360 million in digital assets stolen across 18 hacking incidents. This figure represents a 990% increase compared to March, when crypto losses from hacks totalled about $33 million.

April's Losses: A Cautionary Tale

The largest chunk of the losses came from an unauthorized Bitcoin transfer. On April 28th, blockchain investigator ZachXBT flagged a suspicious transfer of $330 million in BTC. The investigator later confirmed that the transfer was a social engineering attack targeting an elderly individual in the United States.

Stay Vigilant

The cryptocurrency landscape is rife with threats, and investors must remain vigilant to avoid falling prey to malicious actors like this recent Mobius Token exploit. Only time will tell how Mobius Token's team responds to this incident, but one thing is certain: the importance of robust security measures cannot be overstated.