๐จ Alert: Binance Co-CEO WeChat Hacked! Pump & Dump Memecoin Alert
Binance co-CEO Yi Heโs WeChat account was hacked and used to promote a memecoin called Mubarakah (MUBARAKAH). โ ๏ธ๐ป
๐ฅ What Happened:
Hackers posted memecoin promotions via Yi Heโs account
Artificial demand created โ price surged from $0.001 โ $0.008
Market cap briefly hit $8M before crashing back to ~$3.08M ๐
Binance founder CZ warns: โDonโt buy meme coins from hacked posts!โ
โก Key Points:
Yi He no longer has access; phone linked to account was compromised ๐
The attack triggered a classic pump-and-dump, mostly on DEXs
Web 2.0 social media security is weak โ always verify official sources ๐ก๏ธ
๐ก Takeaways:
Avoid buying coins promoted via hacked or suspicious social accounts โ
Double-check official Binance channels before trading
Memecoins are extremely risky, especially during artificial pump events ๐๐ฅ
๐จ Market Impact:
Brief hype caused price volatility
Current price of MUBARAKAH: ~$0.003
Market cap: ~$3.08M
Stay alert and safe! Always verify sources and avoid following social media hype blindly. ๐