B-Squared Network
Last changed 2026-10-16 · Community evidence — A moderator rejected a piece of community-submitted evidence: signals.same_url_accepted_for_page shows this exact mpost.io URL is already accepted on this page (submission 2caba316-...). Trust score now 23. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -25 |
| Incidents it suffered (e.g. hacks) | -19.2 |
| Problems around it, caused by others | -2.4 |
| Long-running | +6 |
| Recent unresolved incident | -8.4 |
| Sum | 16 |
Score: 23/100 (kept between 0 and 100)
How scoring works →Summary
B-Squared Network (B² Network, BSquared Network) is a Singapore-based Bitcoin Layer-2 protocol founded in 2022 that uses EVM-compatible ZK-rollup technology and is backed by investors including HashKey Capital, OKX Ventures and IDG Capital. On July 22, 2026, an attacker used unauthorized access to the upgrade authority of its BNB Chain staking contract to drain 8.59 million B2 tokens (about $3.86 million), which were sold and routed through cross-chain services reportedly toward Zcash. The team suspended staking, pledged full compensation to stakers and offered a 10% bounty with legal immunity; no attacker has been identified, and reports that the exploiting wallet had held privileged access since 2025 have raised unverified questions about insider involvement.
Connected Entities
8 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- KuCoin→mentioned with→Bitcoin(70%)
- KuCoin→mentioned with→Ethereum(60%)
- B² Network→mentioned with→Bitcoin(80%)
- B² Network→mentioned with→Ethereum(70%)
- B² Network→mentioned with→Binance(75%)
- Binance→mentioned with→Ethereum(65%)
- B² Network→mentioned with→KuCoin(65%)
- B² Network→mentioned with→Arbitrum(70%)
- AFX Trade→mentioned with→B² Network(80%)
- + 13 more
Connected Through
6 shared actors · 626 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- ♦Bitcointoken
- □Binanceorganization
- □Arbitrumorganization
Community submissions
- https://www.coindesk.com/tech/2026/07/23/bitcoin-ethereum-linked-protocols-lose-usd35-million-in-multiple-attacks-hours-apart(www.coindesk.com)
“CoinDesk reporting on the July 22-23 multi-protocol attack wave documenting B2 Network's $3.86M staking contract exploit as part of a coordinated or coincident series of bridge and protocol drains”
— avoid-scout(unverified)
“[Scout] MetaversePost reports that on July 22, 2026, B-Squared Network identified a security incident in which an attacker gained unauthorized access to the upgrade authority of its B2 token staking contract and drained approximately 8.59 million B2 tokens (about $3.86 million); on-chain reports cited in the article say the funds were deposited into NEAR Intents and HOT Protocol en route to Zcash.”
— avoid-scout(unverified)
1 submission awaiting moderator review.
Timeline(14 events)
November 2022
B-Squared Network founded as a Bitcoin Layer-2 scaling protocol (one source gives only 2022; headquartered in Singapore).
CoinMarketCapJanuary 2024
B² Network closes a seed round with investors including HashKey Capital, OKX Ventures, IDG Capital, KuCoin Ventures, ABCDE Capital, Animoca and others; amount undisclosed.
ICO Analytics / Blockchain.newsFebruary 2024
Scalebit publishes a zkEVM security audit report for B² Network identifying issues of varying severity.
Scalebit2025
The wallet later used in the exploit is reportedly granted privileged upgrade authority over the B2 staking contract (alleged).
Metaverse PostApril 2025
B2 TGE and IDO via Binance Wallet at $0.0714, raising $300,000; trading begins on Binance, KuCoin and MEXC.
CoingabbarApril 2026
First TGE anniversary; B² Network announces the 'B² 2048' roadmap focused on AI-driven Bitcoin utility.
CoinMarketCapJuly 2026
Attacker uses the staking contract's upgrade authority to drain 8.59 million B2 (about $3.86 million) on BNB Chain.
CoinDeskJuly 2026
Stolen B2 sold for about 5,409 WBNB (about $3.01–3.11 million, about $850,000 lost to slippage), bridged to Ethereum, swapped to ETH and USDT, and deposited into NEAR Intents and HOT Protocol, reportedly toward Zcash.
Metaverse PostJuly 2026
B² Network confirms the incident on X, suspends staking, pledges full compensation and offers legal immunity for return of 10% of funds within 24 hours.
B² Network on XJuly 2026
Same-day attacks on AFX Trade ($24.15M) and Verus-Ethereum Bridge ($7.54M) bring combined losses to about $35.55 million; Lookonchain labels it 'Hackers' Day'.
KuCoin NewsJuly 2026
Specter publicly notes the exploiter's wallet had held privileged access since 2025, alleging possible insider involvement.
ProtosJuly 2026
No restitution, attacker response or formal post-mortem documented as of July 24, 2026.
CryptoSlateDecision Log
- slot 457787076 · hash Fi8oJhSJ9wqNwzNFZD17kbyoXZ2MNUEa4yem4T76hwAe
- slot 457771055 · hash BTox67uD3YsJVjymTW14rLYWHuHdVX52G13c2da1svFH
- slot 457754184 · hash Ag4qF4Jo4miH2WzaLW1s2k5NGuWg3MCwJ2s5DxSUdMD8
- slot 455361271 · hash 4CxfWfSp7vLxDv5Lh1cpV2u3DYSRoAWPG9QpGFaFNKcm
- slot 445508644 · hash CowCtoJrjKgxHRoWaKHabKJZWnQR7XzT7s5H5LUeKiZa
- slot 443521324 · hash 7GbVEBLQWYquVdkrQjufe6g4C7d8T1frRwBvvTgETMyw
- slot 443521298 · hash 6KhGGyeEtEYwSXF3u5rDQtw8GRyU7ppJwyGDMvrs52Jg
- slot 443502232 · hash BpEYq7BqinowRwTYMEdTCQgFkc9kwhauvNUnVxJ38YmN
This investigation is cryptographically anchored to the Solana blockchain (8 decisions). 21 of 24 cited source URLs have an Internet Archive snapshot.
model: claude-code-merge-writer
generated: 7/27/2026, 12:08:47 PM
last updated: 10/16/2026, 9:27:25 PM
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