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Bearish
CEO Yi He confirmed that her WeChat account was hacked and used to promote a fake meme coin called $Mubarakah on the BNB Chain. Hackers leveraged her profile to buy the token with 19,479 USDT, inflate the price, and then cash out part of their position.
The scam earned the attackers an estimated 55,000 USDT while they continued holding additional tokens. Yi He later explained that the breach happened after scammers impersonated her contacts to trigger a password reset, highlighting how easily social engineering can compromise Web2 accounts.
CZ reacted by calling attention to the weak security design of platforms like WeChat, noting this follows a similar incident involving Justin Sun last month. The event has intensified concerns about influencer-targeted hacks and the broader security gap between Web2 platforms and the crypto industry.
The scam earned the attackers an estimated 55,000 USDT while they continued holding additional tokens. Yi He later explained that the breach happened after scammers impersonated her contacts to trigger a password reset, highlighting how easily social engineering can compromise Web2 accounts.
CZ reacted by calling attention to the weak security design of platforms like WeChat, noting this follows a similar incident involving Justin Sun last month. The event has intensified concerns about influencer-targeted hacks and the broader security gap between Web2 platforms and the crypto industry.
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