Yi He, co-CEO of Binance
$10.09B
, disclosed that her WeChat account was compromised after the linked mobile number was taken.
She stated in a post on X that the original phone number could not be recovered because the account had been inactive for a long period of time.
After gaining access to the account, attackers advertised a fake token called Mubarakah. According to the blockchain analysis platform Lookonchain, the individuals behind this tactic profited about $55,000 through a pump-and-dump scheme.
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On November 30, the WeChat account belonging to Tron
founder Justin Sun was also attacked.
Yu Xuan, founder of SlowMist, shared insights after investigating these schemes. Even if attackers have exchanged only a few messages with so-called “frequent contacts”, they can seize control if those contacts are available.
He also explained that in China, unused mobile phone numbers are commonly reissued around 3 months after deactivation. This practice presents opportunities for fraudsters to exploit SIM card relinking, manipulate recovery processes, and carry out social engineering attacks.
Changpeng Zhao, Binance co-founder, commented that he has not accessed his WeChat account for several years and does not use it to promote tokens.
Recently, a San Jose widow lost nearly $1 million after trusting a man she met online who lured her into a fake crypto investment. How did the case unfold? Read the full story.
