- Hacker used Binance’s WeChat to pump Mubarakah, triggering a 200% surge and fast retrace.
- Two new wallets bought 21.16M tokens and secured about $55K profit during the pump.
- Binance faced a separate internal misuse case, leading to suspension and whistleblower rewards.
A hacked WeChat account linked to the Binance ecosystem pushed Mubarakah higher after the attacker used the compromised channel to promote the meme token. The asset moved more than 200% within hours and then returned lower. Traders monitored rapid inflows as the post spread, and on-chain data later confirmed coordinated activity from two new wallets created shortly before the surge.
Hacked Binance WeChat Account Triggers Mubarakah Price Spike
Someone hacked Binance’s WeChat account and posted about Mubarakah, sending the token’s price soaring. The promotion came from the account of Yi He, and traders responded with fast buying. The token climbed from $0.0007087 to $0.007283 before it pulled back. Mubarakah remains well below its March 2025 peak of $0.02604.
On-chain records show that wallets 0x6739 and 0xD0B8 appeared about seven hours before the surge. These wallets spent 19,479 USDT to acquire 21.16 million Mubarakah, and the activity formed the base of the later move. During the pump, the attacker sold 11.95 million tokens for 43,520 USDT.
The attacker still holds 9.21 million tokens, valued at about $31,000, bringing total estimated profit to $55,000. Changpeng Zhao confirmed the breach on X, saying, “Do not buy meme coins from the hacker’s posts. Web2 social media security is not that strong.” His post followed several recent scams involving compromised accounts.
Market Reaction and Binance’s Separate Internal Case
Mubarakah’s market cap moved from $1.7 million to nearly $8 million and then returned close to $3.8 million. Some analysts observed trading activity shortly before the hacked post, and market charts showed sharp swings as liquidity shifted. BNB and the broader market recorded normal movement during the event.
At the same time, Binance suspended an employee for posting about a new meme token on an official account. The exchange said internal checks confirmed misuse of access during the token’s launch. Binance contacted authorities and also distributed $100,000 to five whistleblowers who reported the activity.
The exchange stated that it aims to keep internal systems strong and also encouraged users to submit verified reports through the official channel. CZ added that he still forwards misconduct reports while warning traders to avoid false claims.
