Binance’s inner circle just got a rude awakening: co-CEO Yi He’s long-dormant WeChat account was hijacked on December 9, 2025, and weaponized to pump a shady meme coin called MUBARA in a brazen pump-and-dump that netted hackers $55,000 in illicit gains, exposing the razor-thin line between Web3 security and Web2’s crumbling walls.
The breach unfolded like a scripted heist: attackers seized control of Yi’s unused profile—tied to an old phone number they’d commandeered—and flooded her contacts with endorsements for MUBARA, a low-cap BNB Chain token that spiked 900% from $0.001 to $0.008 in minutes, ballooning its market cap to $8 million before the rug yanked. On-chain sleuths at Lookonchain traced the playbook: two fresh wallets dumped $19,479 in USDT to snag 21.16 million tokens pre-pump, offloaded 11.95 million for $43,520 post-spike, and pocketed the rest at $31,000 value—total haul $55,000, with the scam unraveling as CZ’s X alert hit 1.2 million views in hours.
CZ, ever the sentinel, broke the news first: “Someone hacked @heyibinance’s WeChat account. Do not buy meme coins from the hackers posts. Web 2 social media security is not that strong. Stay safu!” Yi confirmed the fallout: “I haven’t used WeChat in years—the number was taken over, but we’ve recovered via external verification.” No Binance impact, but the hack—coming days after her co-CEO promotion alongside Richard Teng—highlights a chilling trend: serial WeChat raids on crypto VIPs, from Sun Yuchen’s October breach to Malaysia’s ex-PM impersonation in March.
X turned into a security symposium. #YiHeHack trended with 300K posts, degens raging “Web2’s a joke—move to Telegram,” while maxis sniped “Meme coin mafia’s desperate.” MUBARA cratered 85% post-dump, BNB dipped 0.5% to $635, but BTC held $90K steady amid the drama. PeckShield’s postmortem? “FOMO-fueled frenzy—always verify sources.”
For Binance’s battle-tested faithful, this $55K sideshow is a stark reminder: even execs aren’t immune, with 2025’s $2.8 billion hack tally underscoring Web2’s fragility. As CZ urged, “Stay safu.” The wallet’s secure. The vigilance is vital.
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