Yi He, Binance Official, Falls Victim to $55K Meme Coin Fraud After WeChat Hacking

Yi He, co-CEO of Binance, had her WeChat account hijacked and used to promote a meme coin named Mubarak (MUBARA), leading to a pump-and-dump scheme that earned scammers around $55,000. Binance founder Changpeng Zhao was the first to inform users of the situation, urging them not to buy any meme coins advertised in the posts. The hackers had created two new wallets and started accumulating MUBARA through PancakeSwap. They used this activity to trigger a price surge and then sold off their holdings for profit. This incident adds to a growing list of similar attacks targeting WeChat accounts of notable crypto figures, involving the misuse of meme tokens. Despite having her profile recovered, Yi He warns that the culprits are still at large.