Evoq Finance Hacked on BNB Chain — Owner Account Compromised, $420K Stolen in Smart Contract Exploit

COINOTAG reported on September 10 that GoPlus monitoring detected an attack on Evoq Finance‘s smart contract on the BNB Chain. According to the alert, the attacker gained control of the owner’s account, transferred contract ownership and upgraded the implementation to a malicious version, ultimately extracting approximately $420,000 from the protocol and compromising user approvals.

Evoq Finance has confirmed the incident and indicated the exact root cause is currently undetermined as investigators conduct forensic analysis. In its security advisory, the team cautions users not to deposit any assets to the wallet address linked to the protocol until official updates are provided via verified channels.

Impacted users should immediately review token allowances and consider revoking approvals through a trusted wallet interface, monitor transactions on the BNB Chain block explorer, and wait for formal remediation guidance before re-engaging with the protocol.