The BNB Chain ecosystem recently faced new security issues when hackers targeted liquidity routes connected to SKP and stole almost $212,000 from several decentralized finance (DeFi) platforms. TenArmor, a blockchain security company, noticed the unusual activity on May 27th, pinpointing strange movements of funds involving SKP pools, PancakeSwap, Venus, and Lista DAO contracts.
This event has again shown how risky it can be when smaller crypto markets don’t have enough trading activity, accurate prices, and strong safety measures.
TenArmor reported on X (formerly Twitter) that their system identified a potential attack targeting #SKP on the #BSC network, leading to an estimated loss of $212,000.
The attacker quickly transferred various cryptocurrencies – including BSC-USD, BTCB, and SKP – through several lending and exchange platforms. They ultimately ended up with stablecoins and BNB, giving them full control of the stolen funds. The attacker’s final holdings totaled approximately 162,854 BSC-USD and 74.877 BNB, which matches the estimated amount lost.
Attack structure raises liquidity concerns
Initial findings suggest the hacker didn’t steal funds directly from user wallets. Instead, they exploited imbalances in pricing across different decentralized finance (DeFi) platforms and lending services. This incident highlighted a vulnerability: smaller cryptocurrency exchanges can become unstable when handling very large trades.
Researchers are still working to understand how the recent hacking attack happened, focusing on the way SKP tokens, liquidity pools, and lending systems are designed. Because the source of the problem is still unclear, investors are hesitant to use liquidity pools connected to SKP projects.
Don’t rush to buy the dip until we understand what happened from the official review. If you’re providing funds, double-check your wallet for any necessary approvals and verify your pool balances before depositing anything.
DeFi exploits continue across multiple chains
The recent SKP exploit is another in a string of security problems hitting the decentralized finance (DeFi) world this year. Investors were already worried after hackers stole almost $3 million from 86 Gnosis Safe wallets due to a flaw in a SquidRouterModule integration. According to Blockaid, a blockchain security company, the attackers rapidly exchanged the stolen funds for DAI using Uniswap V3.
As an analyst, I’ve been tracking some concerning multi-chain exploits recently. We saw a significant incident with Butter Bridge V3.1 on both Ethereum and BNB Chain, where attackers managed to create almost a quadrillion counterfeit MAPO tokens. Almost simultaneously, THORChain experienced a separate attack that resulted in about $10.8 million being stolen from its network. What’s particularly troubling is that this THORChain attack impacted infrastructure across Bitcoin, Ethereum, Base, and BNB Smart Chain all at once.
More frequent attacks are shaking trust in the DeFi world. Reports from Immunefi and DefiLlama show that hackers stole over $770 million from crypto exchanges in 2026. This year alone, over 40 crypto projects have shut down because the costs of dealing with these attacks became too high.
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2026-05-27 11:16