BSquared Network hack likely an inside job, says on-chain sleuth Specter

BSquared Network hack likely an inside job, says on-chain sleuth Specter

A blockchain investigator claims the recent $3M theft from BSquared Network was likely carried out by an insider, as the address that moved the tokens had the required role since 2025 and only lost it after the transfer.

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Blockchain investigator Specter has suggested that the recent $3 million theft from BSquared Network may have been an inside job. According to Specter's on-chain analysis, the address responsible for moving the tokens had been granted the necessary role since 2025, and that role was only revoked after the transfer was executed. This timeline raises suspicions of internal involvement. The incident, which resulted in the loss of over $3 million, has drawn attention to security practices within the network. Specter's findings indicate that the exploit may not have been an external attack but rather an action by someone with pre-existing access privileges.

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