BNB Chain Security Report: Key Threats, Trends & Insights

A Joint Report by Hacken & BNB Chain: Strengthening Security Across the BNB Chain Ecosystem

BNB Chain has partnered with Hacken, a trusted blockchain security auditor, to provide an in-depth analysis of Web3 security trends in 2024. This collaborative effort highlights the key attack vectors, evolving threats, and security advancements shaping the BNB Chain ecosystem. With a 70% drop in losses from $161 million in 2023 to $47 million in 2024, the report showcases the progress made in securing wallets, DeFi, staking platforms, governance tools, BTCFi solutions, and cross-chain bridges—the very backbone of the BNB Chain developer ecosystem.

However, security challenges remain. Access control exploits, rug pulls, and targeted attacks against smart contracts continue to pose risks, making independent security reviews and expert-driven guidance more critical than ever.

Who Should Read This Report?

• Developers building on BNB Chain who want to fortify their projects against emerging threats.
• Wallet providers & DeFi platforms looking to enhance user trust and resilience.
• Governance & staking projects ensuring robust security for decentralized participation.
• Cross-chain & BTCFi innovators securing seamless asset transfers.

What’s Inside the BNB Chain Security Report?

• Key Security Trends & Insights – The biggest takeaways from BNB Chain’s 70% drop in losses.
• Access Control Exploits – The #1 threat, responsible for 69% of all losses.
• Biggest Hacks of 2024 – A deep dive into major incidents, including Radiant’s $21M breach.
• DeFi vs. CeFi Losses – How security improved for DeFi, while CeFi still faced risks.
• Rug Pulls & Scam Tokens – Why rug pull losses dropped, but new scams keep emerging.
• Smart Contract Vulnerabilities – Still a risk, but not the biggest concern anymore.
• Future-Proofing Web3 Security – Proactive defense measures to prevent the next big exploit.

Explore exclusive research, expert insights, and practical security strategies to thrive safely on BNB.

Build Securely with Hacken

As an official security partner of BNB Chain, Hacken helps projects strengthen their security with tailored solutions, including smart contract audits, penetration testing, bug bounty, and AI monitoring. We know where projects need the most support and independent review to stay ahead of threats.

💡 Limited offer for BNB Chain projects till March 28, 2025: Indicate “BNB Security” when requesting a security service to unlock special deals for your project building on BNB Chain.

Let’s build a safer Web3 together. Get your security review today!