In a twist worthy of a Dostoevsky novel-if Dostoevsky wrote about crypto bros-a digital rogue seized control of Binance co-founder Yi He’s WeChat, transforming it into a carnival barker for the illustrious Mubarakah token, netting a princely sum of $55,000 (enough to buy a decent used car, or perhaps a single pixel of a Bored Ape).
This delightful farce underscores the ever-present truth that cryptocurrency markets are less “financial revolution” and more “Wild West saloon,” where social media accounts are the swinging doors any bandit can kick open. Security experts, those tireless detectives of the blockchain, followed the hacker’s digital breadcrumbs like bloodhounds chasing a sausage thief.
A Tale of Two Wallets (and One Very Embarrassed Executive)
The audacious intruder, armed with nothing but mischief and likely a VPN subscription, commandeered Yi He’s WeChat-because why hack a bank when you can hack a billionaire’s meme-posting privileges? Promotions for the Mubarakah token ensued, because nothing says “legitimate investment opportunity” like an unscheduled tweetstorm from a compromised account.
Changpeng Zhao, ever the voice of reason (or at least damage control), confirmed the breach with the gravitas of a man who’s seen too many “Web3” disasters. He lamented the flimsy security of “Web 2 social media,” as if Web3’s track record is any better.
“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!” he declared, presumably while sipping tea and shaking his head at humanity.
Meanwhile, blockchain sleuths at Lookonchain uncovered the hacker’s masterplan: two freshly minted wallets, 19,479 USDT, and a dream. The villain scooped up 21.16 million Mubarakah tokens at bargain-bin prices before unleashing chaos.
And chaos it was! The token’s price rocketed to $0.008-a staggering 200% pump-because nothing fuels a rally like blind trust in a hacked account. Geckoterminal charts wept with joy.
The hacker, now presumably lounging on a beach of ill-gotten USDT, dumped 11.95 million tokens for 43,520 USDT and left the remaining 9.21 million tokens ($31,000 worth) to gather dust-because even digital thieves have standards (low ones, but still). The wallets in question: 0x6739b732C14515997Caa8deCb6C047dc1c02Fb9c and 0xD0B8Ea6AF32A4F44Ed7F8A5E4E7b959239f5AE1D (memorize them for your next pub quiz).
“Please stay vigilant against unverified shilling on social media and avoid FOMO to prevent falling victim to such schemes,” PeckShieldAlert advised, as if crypto enthusiasts have ever resisted FOMO.
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2025-12-10 06:57