Binance co-founders He Yi and Changpeng Zhao warned on August 24 that WeChat groups and accounts impersonating Binance and CZ are fraudulent after scammers used their names to promote an alleged BNB investment scheme. He Yi said CZ does not use WeChat and flagged a fake “Binance Mall” group; Zhao confirmed he has not used WeChat for years. Promotional material advertised daily returns of 0.6% to 1.5% in BNB, staking tiers from 0.2 BNB, limited “node” slots, a no-gas-fee airdrop ahead of a claimed September launch, and referral rewards—none of which Binance has indicated exist. No confirmed loss totals were disclosed.