Binance Co-Founder’s Account Breach Exposes Web2 Vulnerabilities Amid Memecoin Scam

On December 11, 2025, the cryptocurrency community was alerted to a significant security breach involving Binance co-founder Yi He. Her WeChat account was compromised through an abandoned phone number, revealing critical vulnerabilities in China's real-name verification system. The hackers exploited the hijacked account to promote fraudulent meme coins, including a token named 'Mubarakah' (contract address: 0x14fF7FEf64076723625B1fF6fEfAC848C83A4444), in what appears to be a coordinated scam targeting her extensive network of followers and industry contacts. The incident came to light after Binance's former CEO, Changpeng Zhao (CZ), personally alerted his followers about the suspicious activity, demonstrating the tight-knit vigilance within the crypto leadership community. This breach underscores a growing concern: the systemic weaknesses inherent in traditional Web2 platforms, which remain susceptible to social engineering and identity verification failures. For a financial ecosystem built on decentralization and cryptographic security, such incidents highlight the paradoxical risks posed by centralized communication channels still used by key industry figures. From a professional cryptocurrency perspective, this event serves as a stark reminder of the persistent security challenges facing digital asset adoption. While blockchain technology offers unprecedented transparency and security for transactions, the human and infrastructural layers—like social media accounts and legacy verification systems—remain vulnerable attack vectors. The bullish case for cryptocurrencies often emphasizes their resilience against censorship and fraud, but this incident illustrates that ecosystem security is only as strong as its weakest link. For exchanges like Binance and their executives, maintaining robust personal and corporate security protocols is not just a matter of privacy but of market integrity and investor trust. The promotion of the 'Mubarakah' token through a compromised high-profile account also reflects the ongoing issue of memecoin scams exploiting celebrity and influencer credibility. As the digital asset space continues to mature, the industry must advocate for and adopt more secure, decentralized identity solutions that align with the principles of cryptocurrency itself. Ultimately, this breach reinforces the need for a holistic security mindset—one that extends beyond the blockchain to encompass all touchpoints in the digital finance landscape, ensuring that the promise of a secure financial future is not undermined by legacy vulnerabilities.

Binance Co-Founder Yi He's WeChat Hacked in Memecoin Scam

Binance co-founder Yi He's WeChat account was compromised through an abandoned phone number, exposing vulnerabilities in China's real-name verification system. Hackers used the hijacked account to promote fraudulent meme coins, including the 'Mubarakah' token (0x14fF7FEf64076723625B1fF6fEfAC848C83A4444), before Binance's former CEO Changpeng Zhao alerted followers.

The breach highlights systemic weaknesses in Web2 platforms, where even top crypto executives remain vulnerable to social engineering attacks. 'This incident shows Web2 social media platforms are not fully secure,' CZ warned on X, urging users to avoid meme coin promotions from compromised accounts.

The attack exploited China's SMS-based verification loopholes, allowing hackers to resurrect dormant accounts tied to recycled phone numbers—a growing threat vector for high-profile figures in digital asset markets.

Cysic Network Nears December 11 Listing as ComputeFi Momentum Builds

Binance Alpha will debut the CYS token on December 11, marking one of the most anticipated crypto launches of the month. The project’s testnet phase has concluded, with airdrop eligibility confirmed for holders of 5,000+ sKAITO or YT-sKAITO tokens during the November 24 snapshot. Yapybara holders received a 10% bonus.

Cysic positions itself as a next-generation ComputeFi infrastructure, tokenizing global compute resources through hardware acceleration and ZK-proof systems. The platform’s open compute markets aim to disrupt traditional cloud services.

Trading will commence via Binance Wallet, with airdrop claims tied to Alpha Points. Market watchers note the project’s timing aligns with growing institutional interest in decentralized compute solutions.

Binance Prepares for Talus Network ($US) Listing Amid AI Agent Hype

Binance Alpha will list Talus Network's $US token on December 11 at 1 PM UTC, marking one of December's most anticipated crypto debuts. The project, backed by $10M in funding from Polychain, Sui, and Walrus, introduces a blockchain designed for autonomous AI agents capable of data processing and economic value creation.

The tokenomics feature a fixed supply of 10 billion $US with zero inflation. At launch, 22.2% of the supply enters circulation, with remaining tokens unlocking gradually. Early adopters can claim airdrops via Binance Alpha points and stake immediately for high-yield rewards.

Market watchers note the listing's timing coincides with growing institutional interest in AI-driven crypto projects. The Sui-based token's performance may set a precedent for similar deployments in 2024.

Hackers Hijack Binance Co-Founder's WeChat in Memecoin Pump-and-Dump Scheme

Cybercriminals breached the WeChat account of Binance co-CEO Yi He, exploiting her platform to promote the obscure memecoin Mubarakah. The attackers orchestrated a textbook pump-and-dump operation, artificially inflating the token's value by 927% within seven hours before liquidating positions.

Blockchain analytics reveal the perpetrators created two fresh wallets, deploying $19,479 in USDT to acquire 21.16 million Mubarakah tokens. The coordinated buy pressure created temporary price momentum, enabling the hackers to exit with $55,000 in profits before the inevitable collapse.

Changpeng Zhao, Binance's founder, swiftly denounced the campaign via social media, warning investors to disregard any fraudulent endorsements attributed to the compromised account. The incident underscores growing concerns about celebrity impersonation in crypto markets—where trust mechanisms remain vulnerable to exploitation.