🚨 Crypto Security Alert!
WeChat of Binance's Co-CEO #Binance , Yi He, hacked to pump and dump fraudulent memecoin
Binance's co-CEO, Yi He, fell victim to a sophisticated pump and dump attack after her WeChat account was hacked early Wednesday morning.
The attacker exploited the Web2 platform (which He had neglected) to fraudulently promote a new memecoin based on #BNBChain
The Mechanism of the Attack:
1. Preparation: An analyst revealed that the hacker previously invested $19,479 in USDT to acquire 21.16 million Mubarakah.
2. The Deception: After taking control of He’s WeChat (exploiting the seizure of the associated phone number), the attacker posted the token promotion.
3. The Pump: The false promotion caused Mubarakah to skyrocket by 800% instantly.
4. The Dump and Profit: The hacker quickly sold 11.95 million Mubarakah for over $43,000 in USDT, which was then converted to ETH. Analyst Arkham estimates a total profit of approximately $55,000.
Binance's Reaction
Yi He confirmed the hack via X, warning that the phone number had been "seized". She later recovered the account.
@CZ , co-founder of Binance, intervened, alerting the community: "Do not buy memecoins from hacker posts" and criticizing the weak security of Web2 social networks.
