A hacker gained control of a WeChat account tied to Binance leadership and used it to post false support for the Mubarakah token. The post caused a sharp price surge in the coin, allowing the attacker to profit. Notably, this event has raised new concerns about market manipulation through compromised social profiles in the crypto sector.
Binance Co-Founder’s WeChat Account Hacked
For context, exploiters gained access to the WeChat account linked to Binance co-founder Yi He on December 10, 2025, and shared a post promoting meme coin Mubarakah. The message generated strong demand and boosted the token’s market cap from $1.7 million to almost $8 million. The rise occurred within a short time and before traders could verify the claim.
Someone hacked @heyibinance's WeChat account, and posted about $Mubarakah, sending the token's price soaring. @cz_binance
The hacker created 2 new wallets(0x6739 and 0xD0B8) ~7 hours ago and spent 19,479 $USDT to buy 21.16M $Mubarakah.
After the pump, the hacker has already… pic.twitter.com/39ncDQjgSe
— Lookonchain (@lookonchain) December 10, 2025
Remarkably, the attacker created two new wallets, “0x6739…..Fb9c” and “0xD0B8…..AE1D,” about seven hours before the post. The wallets used $19,479 to buy 21.16 million Mubarakah tokens. At the time, the token traded at a much lower price. After the surge, the attacker sold 11.95 million tokens for $43,520. The wallets still hold 9.21 million tokens worth about $31,000, realizing a total profit of around $55,000 in hours.
Meanwhile, Changpeng Zhao confirmed the breach in an X post and said that common platforms do not provide strong protection. Zhao urged users to stay alert and wrote his popular “Stay safu!” message. He also asked users not to buy meme coins from the hacker’s posts, clarifying they were not affiliated with Binance.
Employee Suspended in a Separate Internal Case
Binance also suspended an employee on December 7, 2025, after an internal audit found misuse of company access. The worker posted content about a new meme coin on an official account seconds after its launch. Binance said this broke its rules and was for personal gain.
In response, the exchange contacted local authorities and shared evidence for possible legal action. Five whistleblowers who alerted the audit team will receive $100,000 in rewards. Binance reported that it will increase internal controls and keep its processes open for future reporting.
Meanwhile, Binance’s utility token BNB trades at $894.34, up 0.63% in the past 24 hours. The market cap sits at $123.18 billion, with daily volume climbing to $2.48 billion.
Temitope Olajide
The CoinRemark Team
