7 recorded changes
Want your article here?
Promote with Leviathan NewsBinance co‑founder and co‑CEO Yi He had her WeChat account compromised and used in a pump‑and‑dump scam involving the meme coin Mubarak/Mubarakah (MUBARA). Attackers leveraged the false appearance of Yi He’s endorsement to drive demand for the token, then sold into the spike for an estimated profit of around $55,000. According to reports and on‑chain analysis, the hacker took over Yi He’s long‑unused WeChat account and forwarded/promoted content about the MUBARA meme coin to her contacts and followers. In parallel, they had created two new wallets, spending roughly 19,479 USDT to buy about 21.16 million MUBARA tokens on PancakeSwap shortly before the promotion. After the posts from the compromised account triggered buying activity, MUBARA’s price jumped from about $0.001 to $0.008, pushing its market cap to roughly $8 million before retracing. The attacker then began off‑loading tokens, having sold about 11.95 million MUBARA for ~43,520 USDT while still holding around 9.21 million MUBARA worth about $31,000, for an estimated total profit near $55,000. Binance founder Changpeng Zhao (CZ) publicly confirmed the breach on X, warning users that Yi He’s WeChat had been hacked and urging them not to buy any meme coins promoted via the compromised account, adding that “Web2 social media security is not that strong” and telling followers to “stay safu.” Yi He later stated that she had not used WeChat for some time and that the phone number linked to the account had been taken over, though she subsequently regained access after verification and password changes. The incident highlights ongoing security risks around compromised social media accounts being used to manipulate thinly traded meme coins, and it follows a broader pattern of WeChat account hacks targeting high‑profile crypto figures.
AI-generated background, compiled from web sources — not editorial content.
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?