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May 30, 2026

BY Token Loses $88.4K in BSC Exploit Amid Surge in DeFi Hacks

The BY token project suffered an $88,400 loss through a Binance Smart Chain exploit targeting vulnerable contract logic, occurring during what security firm CertiK identified as the worst month for DeFi exploits in four years with attacks on 27 out of 30 days in April 2026.

May 30, 2026·2 sources
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Top claims

  • ▪The BY token project was exploited on the Binance Smart Chain (BSC), resulting in a loss of approximately $88,400.
  • ▪Hackers are economically incentivized to spend $10,000 to $20,000 on continuous vulnerability scans against high-value protocols.
  • ▪CertiK CEO Ronghui Gu stated that April 2026 was the worst month for DeFi in four years, with exploits occurring on 27 out of 30 days.

Topics

Smart contract vulnerabilitiesBlockchains & NetworksDeFi protocol exploitsDeFi securityDeFiDeFi exploit

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