The crypto community has witnessed another attempt after the fraudulent project OracleBNB abruptly disappeared, leaving investors scrambling for answers.
Summary
- OracleBNB on BNB Chain has been flagged for a ‘back pull’ after it deleted its social media accounts and emptied around 34 BNB in a matter of minutes.
- The incident comes amid a surge in BNB Chain’s memecoin activity, with daily DEX volumes surpassing $6 billion and revenue surpassing $1.4 million.
OracleBNB, a project built on BNB Chain, has reportedly performed a rug pull. The alarm was first raised by blockchain security company PeckShield, which shared that Project
The warning came after the project’s token plummeted sharply within hours of a big surge. Trading data shows the token fell more than 95% after an abrupt sell-off, a pattern often associated with coordinated exit scams.

At the time of writing, the official X account associated with the project has gone offline, effectively erasing its footprint and leaving investors with losses. It is estimated that OracleBNB has retired with approximately 34 BNB (BNB), worth approximately $43,000 at current prices.
What is OracleBNB?
The project had promoted itself as a legitimate prediction platform during its operations, with the X account even being followed by Binance founder Changpeng Zhao (CZ). The account used this association to gain credibility before the token launched, leading investors to believe it had insider backing from Binance, which may have contributed to the token’s rapid rise in visibility.
However, further industry investigation revealed that the project had allegedly renamed a KOL account tracked by CZ, falsely masquerading as a verified project.
Oracle had also announced a fake partnership with BNBChain memecoin launcher Four.Meme, but the partnership was quickly dismissed after being identified as a fake account.
OracleBNB rugpull comes amid the BNBChain memecoin boom
The attraction comes amid a surge in memecoin trading activity on BNB Chain, which recently posted some of the strongest on-chain performance to date. Daily decentralized exchange (DEX) volumes have surpassed $6 billion, while Four.Meme’s 24-hour turnover recently surpassed $1.4 million, briefly overtaking Solana’s Pump.fun.
The wave of speculative trading has produced both genuine and fraudulent projects, and the OracleBNB rug pull reflects a trend of fake projects exploiting retail enthusiasm.