Binance co-CEO Yi He’s WeChat account hacked to promote and profit from memecoin
The Block
Binance co-CEO Yi He's WeChat account was hacked to promote a memecoin, leading to an 800% price surge before the hacker sold off for profit.Summary
Binance co-CEO Yi He's WeChat account was compromised, allowing an attacker to promote a BNB Chain-based memecoin named Mubarakah. Yi He confirmed the hack on X, noting the associated phone number was seized, preventing immediate recovery. Binance co-founder CZ warned users not to buy the promoted coins due to weak Web2 social media security. Onchain analysis revealed the hacker purchased the token before the promotion, causing its price to surge by about 800%. The attacker subsequently sold a significant portion for over $43,000 in USDT, ultimately netting an estimated total profit of around $55,000. Yi He later confirmed her account was recovered, warning others about ongoing scam attempts targeting her contacts.
(Source：The Block)