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Crypto Hack Hits Binance Smart Chain: CertiK Tracks $2M Exploit

Published by
Zameer Attar and Sohrab Khawas

The rising phishing, wallet hack, and security breaches are creating panic in the crypto space. Recently, Blockchain security firm CertiK revealed that in May alone, around $140.1 million was lost to crypto hacks, scams, and exploits, while $162 million in assets were frozen. Notably, phishing attacks accounted for about $8.5 million of the total losses.

CertiK alert has flagged a major exploit on the Binance Smart Chain (BSC), where an attacker drained nearly $2 million by abusing a smart contract function called printMoney(). 

Exploiter Uses Authorized Contract to Steal Funds

The exploit was carried out by a known attacker operating from address 0xd5c6f3…122c. The individual repeatedly triggered the printMoney() function on their authorized attack contract. The unauthorized access stemmed from a compromised victim contract linked to the address 0xb5cb0, which had unknowingly approved the malicious contract about eight hours before the attack.

CertiK believes the victim contract deployer’s private key may have been phished or otherwise compromised, leading to the unauthorized approval transaction. This gave the attacker full permission to transfer the victim’s tokens.

Attacker Converts Funds and Holds Nearly $2M

Once access was secured, the attacker swiftly converted the stolen derivative tokens into BNB and stablecoins. As of now, the exploiter is holding approximately $1.96 million worth of assets at their address.

Community Urged to Stay Alert

Big crypto hacks are piling up this year, with Coinbase losing $400 million, Cetus on the Sui network hit for $220 million, and others like Phemex and UPCX also suffering huge losses. These incidents show just how risky things can get in crypto if you’re not careful. According to CertiK, one of the biggest mistakes is trusting unverified smart contracts or having weak security for private keys. In a recent BSC hack, that’s exactly what went wrong. The attacker was able to steal millions because the victim’s contract wasn’t properly secured.

CertiK is now tracking the hacker’s wallet and keeping an eye on suspicious activity. They’ve also reminded users and developers to always check contract approvals, use well-audited code, and avoid rushing into transactions.

Meanwhile, CertiK’s advice is simple be careful, stay alert, and don’t rush into anything.

FAQs

What are the biggest crypto hacks of 2025 so far?

Major 2025 hacks include $400M from Coinbase, $220M from Cetus, and millions more from BSC, Phemex, and UPCX exploits.

How much crypto was lost to hacks in May 2025?

Over $140.1 million was lost to hacks, scams, and exploits in May 2025, according to blockchain security firm CertiK.

How can I protect my crypto wallet from phishing attacks?

Avoid unverified contracts, never share keys, and regularly review approvals to secure your wallet from phishing.

What was the “printMoney()” smart contract exploit?

It allowed an attacker to mint and drain funds via repeated function calls after gaining unauthorized contract approval.

Zameer Attar and Sohrab Khawas

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

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