Binance Co-CEO Yi He’s WeChat Account Hacked in $55,000 Crypto Scam

Binance Co-CEO Yi He's WeChat account was compromised shortly after her promotion, allowing attackers to execute a $55,000 crypto scam by promoting the MUBARA meme token. The hackers gained access via an old, reassigned phone number previously linked to her abandoned WeChat account, exploiting a common security gap in China's telecom practices. Blockchain analysis showed the scammers bought tokens, artificially inflated the price through fake endorsements to her followers, and then quickly sold their holdings for a profit of about $55,000. This incident highlights a growing trend of attacks targeting high-profile crypto executives on traditional Web2 platforms like WeChat, as their endorsements carry significant weight. Security experts noted that WeChat takeovers can be surprisingly easy, sometimes requiring only contact with two frequent contacts. Binance founder Changpeng Zhao warned users against the fraudulent posts, and the company has since worked with WeChat to restore access, confirming no internal Binance systems were affected. The event underscores the need for crypto figures to secure dormant accounts and for users to verify investment advice from multiple sources.

(Source：Brave New Coin)