Binance Co-CEO's Account Hacked: MUBARA Scandal

Attack on Binance Executive

Binance co-CEO Yi He's WeChat account was hacked. The attackers tried to promote a meme cryptocurrency using the account. This incident occurred as part of a pump and dump scheme.

Moment of the Hack and Aftermath

The hack took place shortly after Yi He was appointed as co-CEO. The takeover of the account allowed the attackers to manipulate trade. The meme coin MUBARA was attempted to be artificially inflated through this fake endorsement.

Profits Made from the Attack

After the artificial demand was created, the attackers profited by selling MUBARA. Such fraudulent methods pose a significant risk to investors.