Binance Co-CEO He Yi Reports WeChat Account Hack via Old Phone Number
Yi He's compromised WeChat account was used in a memecoin pump-and-dump, netting attackers tens of thousands of dollars shortly after her appointment as co-CEO.
Binance co-CEO Yi He’s WeChat account was hacked shortly after her promotion, with attackers using it to falsely endorse the MUBARA memecoin in a pump-and-dump scheme. Binance founder Changpeng Zhao warned users on X to ignore messages from the account, citing weak Web2 security. Yi He confirmed she no longer uses WeChat and lost control when her account’s linked phone number was taken over. On-chain analysis showed two wallets buying 21.16 million MUBARA tokens for 19,479 USDT, then selling 11.95 million for 43,520 USDT and retaining 9.21 million tokens worth ~$31,000, for profits near $55,000. Late traders suffered losses as prices fell after the selling began.
- WeChat: A Chinese multi-purpose messaging, social media, and mobile payment app developed by Tencent.
- Compromised Account: An online account accessed or controlled by unauthorized parties, often through stolen credentials or vulnerabilities.
- Meme Token: A type of cryptocurrency inspired by internet memes or trends, often launched as a joke or community-driven project.