Binance New Co-CEO’s WeChat Hacked to Promote Meme Coin, CZ Warns
Binance founder Changpeng Zhao has warned customers that the WeChat account of the trade’s new co-chief govt, Yi He, was hacked and used to promote a meme coin.
Zhao mentioned the attackers used Yi He’s account to push meme coin promotions and urged followers not to have interaction.
He wrote that “Web2 social media safety shouldn’t be that robust. Stay safu!” and added, “I hope the subsequent one isn’t my account. I haven’t used WeChat for a few years. I additionally gained’t instantly promote any meme CA. Please everybody keep secure.”
Meanwhile, Yi He said she stopped utilizing WeChat way back and that the linked cellphone quantity was taken over, leaving her unable to regain entry.
Someone hacked @heyibinance’s WeChat account. Do not purchase meme cash from the hackers posts.
Web 2 social media safety shouldn’t be that robust.
Stay safu!
— CZ
BNB (@cz_binance) December 10, 2025
Leadership Transition At Binance Accompanied By Meme Coin Exploit
The incident comes a couple of week after Binance elevated Yi He to co-CEO throughout a latest Binance Blockchain Week occasion.
Co-founder Richard Teng described her as a “driving pressure since day one,” crediting her with shaping the trade’s tradition, imaginative and prescient and consumer focus, and mentioned her promotion marked a pure evolution of management as Binance pursues its aim of reaching one billion customers.
On-chain knowledge suggests the hack was shortly become a buying and selling scheme. Blockchain analytics account Lookonchain described the incident as an easy hacked account pump and dump constructed round a little-known token referred to as Mubarakah, or MUBARA, which trades on decentralized exchanges.
Fake Endorsement Triggered Sudden Surge In MUBARA Price And Volume
According to that evaluation, an attacker gained entry to Yi He’s WeChat and used the obvious endorsement to stir worry of lacking out round MUBARA.
Two new wallets, created solely hours earlier, started accumulating the token by way of PancakeSwap and different decentralized trade routes, spending a complete of 19,479 USDT to purchase about 21.16M MUBARA.
As the WeChat promotion circulated and merchants chased the transfer, the token’s worth and quantity spiked sharply on Dexscreener charts.
Attacker Sold Into The Pump After Liquidity Flooded In
Once liquidity arrived, the wallets began to promote into the rally. Lookonchain estimates that the attacker has already bought 11.95M MUBARA for 43,520 USDT and nonetheless holds 9.21M tokens price roughly $31,000, placing the revenue close to $55,000 with extra tokens left to unload.
In sensible phrases, the attacker front-ran the market by shopping for early, used the compromised account to pull in retail demand, then dumped a big chunk of the place into that surge, leaving later consumers uncovered to a fast reversal in worth.
The remaining holdings give the hacker further room to promote if liquidity persists.
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