The post Binance Co-CEO Yi He’s WeChat Account Hacked in $55,000 Crypto Scam appeared on BitcoinEthereumNews.com.

Binance co-CEO Yi He became the latest victim of a sophisticated social media hack when cybercriminals took control of her WeChat account on December 9, 2025. The attackers used her compromised profile to promote a meme token called MUBARA, making approximately $55,000 through a pump-and-dump scheme. The hack occurred just days after Yi He was promoted to co-CEO alongside Richard Teng during Binance Blockchain Week in Dubai. This timing gave the fraudulent posts extra credibility among crypto traders who trusted her apparent endorsement. How the Attack Worked The hackers gained access through an old phone number that was previously linked to Yi He’s WeChat account. In China, telecom companies typically reassign unused phone numbers to new customers after just three months. This practice created a security gap that the attackers exploited. “WeChat was abandoned long ago, and the phone number was seized for use. It cannot be recovered at present,” Yi He explained in a translated post on X (formerly Twitter). Blockchain analytics firm Lookonchain tracked the scammers’ activities in real time. The attackers created two new cryptocurrency wallets and spent 19,479 USDT to buy 21.16 million MUBARA tokens before posting the fake endorsements. Once Yi He’s followers started buying the token, its price spiked significantly and the market value reached $8 million. Source: @heyibinance The scammers then quickly sold 11.95 million tokens for 43,520 USDT while keeping 9.21 million tokens worth about $31,000. Their total profit reached approximately $55,000, according to Lookonchain’s analysis. Growing Pattern of Crypto Executive Attacks This incident follows a troubling trend of hackers targeting prominent cryptocurrency figures through traditional social media platforms. On November 30, Tron founder Justin Sun’s WeChat account was compromised using similar tactics. Security experts note that these attacks specifically target “Web3 big shots” because their endorsements carry significant weight in crypto…

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Filed under: News - @ December 10, 2025 9:50 pm