Cyber Attack on Binance Co-CEO Yi He Promotes Memecoin
- Yi He’s WeChat account was hacked, leading to the promotion of the meme coin Mubarakah.
- Hackers made a profit of approximately $55,000 by manipulating Mubarakah’s price.
- On December 10, attackers spent about 19,479 USDT to acquire over 21 million Mubarakah tokens before the scam.
- Yi He pledged to compensate users who lost money trading Mubarakah during the incident using part of her BNB holdings.
- Binance CEO Changpeng Zhao also addressed the breach on social media, urging caution among users.
This incident underscores ongoing vulnerabilities in social media security within the cryptocurrency sector and highlights the risks associated with misinformation in digital asset markets.
The breach resulted in hackers profiting $55,000 from their manipulation of Mubarakah, prompting Yi He to offer compensation to affected users.(Source)
