The attacker initiated the exploit at 07:33:56 UTC and carried out the nefarious act from the address 0xb32a53… The contract was deployed just two minutes earlier at 07:31:38 UTC. The victim wallet identified as 0xb5252f… witnessed its funds being drained at an alarming rate.

The perpetrator used the contract 0x631adf… to execute a series of malicious transactions, draining a whopping 28.5 million MBU tokens. These tokens were then swiftly converted into stablecoins, resulting in a net loss of $2,152,219.99 for the victim. Cyvers confirmed these details to Cointelegraph.

Cyvers labeled the exploit as “critical” due to the suspicious contract code and abnormal transaction patterns used by the attacker. As of publication, the attacker’s wallet remains active, and the stolen funds have yet to be returned. Mobius Token’s team has not issued an official statement regarding the incident.

On a related note, PeckShield, a blockchain security firm, reported a staggering loss of nearly $360 million in digital assets due to hacks in April 2025. The firm tracked 18 hacking incidents, marking a 990% increase from the previous month. Notably, the largest portion of these losses was from an unauthorized Bitcoin transfer involving a suspicious transfer of $330 million in BTC. This was later confirmed to be a social engineering attack targeting an elderly individual in the United States.

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