BNB Chain Suffers $2.84M Hack Linked to North Korea's SquidSquad
A suspected attack by North Korea-backed hacking group SquidSquad resulted in the theft of $2.84 million from an institutional crypto holder on the BNB Chain.
A suspected attack by North Korea-backed hacking group SquidSquad resulted in the theft of $2.84 million from an institutional crypto holder on the BNB Chain. BNB (BNB) is trading at $745.88, up 0.4% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Wed, 21 Oct 2026 08:00:04 UTC.
This incident highlights the ongoing threat posed by state-sponsored hacking groups to the cryptocurrency ecosystem, particularly on platforms like BNB Chain. Such attacks can erode trust and prompt calls for stronger security measures.
- BNB Chain lost $2.84M in a suspected SquidSquad attack on October 8.
- Blockchain investigator ZachXBT identified North Korea-linked hackers as suspects.
- The incident occurred amid a period of market recovery and positive sentiment.
On October 21, blockchain investigator ZachXBT reported a suspected theft of $2.84 million from an institutional cryptocurrency holder on the 
BNB Chain. The incident is believed to have occurred on October 8 and is attributed to the North Korea-linked hacking group SquidSquad.
This attack is the latest in a series of incidents involving state-sponsored hacking groups targeting cryptocurrency platforms. BNB Chain, the blockchain network of Binance's native token, has been a frequent target due to its popularity and transaction volume.
The broader cryptocurrency market has been experiencing a period of recovery, with the total market cap reaching $2.84 trillion. 
Bitcoin is up 1.20% in the last 24 hours, and the Fear & Greed Index stands at 63, indicating a sentiment of 'Greed' among investors.
BNB, the native token of BNB Chain, is currently priced at $742.87, showing a 24-hour increase of 1.88% and a 7-day change of +0.02%. The market cap of BNB is approximately $97.7 billion.
The incident underscores the persistent security challenges faced by blockchain platforms. As the crypto market continues to grow, the need for robust security measures and vigilance against sophisticated threats becomes increasingly critical.
Since this brief published about 1 hour ago, BNB (BNB) has moved from $742.87 to $745.88 — +0.41%.
The chart plots BNB's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BNB ≈ ₦1.02M (about $745.88), up 2.5% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
BNB Chain Suffers $2.84M Hack Linked to North Korea's Sq — questions & answers
What is SquidSquad?
SquidSquad is a hacking group suspected of having links to North Korea, known for targeting cryptocurrency platforms.
How much was stolen in the BNB Chain attack?
Approximately $2.84 million was reportedly stolen from an institutional crypto holder on the BNB Chain.
When did the BNB Chain attack occur?
The suspected attack took place on October 8, as reported by blockchain investigator ZachXBT.
How much is 1 BNB worth in naira today?
About ₦1.02M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $745.88. The naira price moves with both BNB's US-dollar price and the USDT/NGN rate; use our BNB in naira page for any amount.
Has BNB's price moved since this brief was published?
BNB is up 0.41% since this brief first published — trading at $745.88 now versus $742.87 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.