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 ₹70,855 ($745.88), up 0.4% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Wed, 21 Oct 2026 08:00:01 UTC.
This incident highlights the ongoing threat posed by state-sponsored hacking groups to the cryptocurrency ecosystem, particularly on platforms like BNB Chain. The attack underscores the need for enhanced security measures to protect digital assets.
- BNB Chain lost $2.84M in a suspected SquidSquad attack on October 8.
- Blockchain investigator ZachXBT identified North Korea links to the hack.
- BNB price remains resilient, up 1.88% in the past 24 hours.
On October 21, blockchain investigator ZachXBT reported a suspected hack on the 
BNB Chain, resulting in the theft of $2.84 million from an institutional crypto holder. The incident is believed to have occurred on October 8 and is attributed to the North Korea-backed hacking group SquidSquad.
This attack is part of a broader trend of state-sponsored cyberattacks targeting the cryptocurrency sector. North Korea has been linked to several high-profile crypto heists in recent years, with hackers exploiting vulnerabilities in various blockchain networks.
The BNB Chain, which is the blockchain developed by cryptocurrency exchange Binance, has been a frequent target due to its popularity and the large volume of transactions it processes. Despite the hack, the price of BNB has remained relatively stable, with a 1.88% increase in the past 24 hours.
The broader cryptocurrency market has been experiencing a period of relative stability and growth, with the total market cap currently at $2.84 trillion. 
Bitcoin, the largest cryptocurrency by market cap, has seen a 1.20% increase in the past 24 hours, contributing to a market sentiment of 'Greed' as indicated by the Fear & Greed Index.
The incident serves as a reminder of the persistent security challenges facing the crypto industry. As platforms and users continue to navigate these threats, it will be crucial to implement more robust security measures and remain vigilant against emerging threats.
Since this brief published about 1 hour ago, BNB (BNB) has moved from ₹70,569.10$742.87 to ₹70,855.03$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 Token Times'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 ≈ ₹77,828.85 (about $745.88), up 2.5% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian 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 believed to be linked to North Korea, known for targeting cryptocurrency platforms.
How much was stolen in the BNB Chain hack?
Approximately $2.84 million was stolen from an institutional crypto holder on the BNB Chain.
When did the BNB Chain hack occur?
The suspected hack took place on October 8, according to blockchain investigator ZachXBT.
How much is 1 BNB worth in rupee today?
About ₹77,828.85 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $745.88. The rupee price moves with both BNB's US-dollar price and the USDT/INR rate; use our BNB in rupee 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 ₹70,855 ($745.88) now versus ₹70,569 ($742.87) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.