Key Highlights
- 10, 2025 at 5:00 pm UTC Share Cover art/illustration via CryptoSlate.
- Image includes combined content which may include AI-generated content.
- Binance co-CEO Yi He said her WeChat account was hijacked on Dec.
- 10 after a cell number tied to the profile was reclaimed and could not be recovered at first. The account was later restored after Binance worked with WeChat’s security team, according to a spokesperson cited the same day. Posts that appeared after the takeover promoted a token called “Mubarakah,” and on-chain data shared by Lookonchain pointed to a pump-and-dump that netted about $55,000 before the content was removed. Why Yi He’s WeChat hack matters beyond BinanceThe episode arrived days after Yi He’s elevation to co-CEO was announced at Binance Blockchain Week, placing an executive’s identity at the center of a web platform incident rather than a crypto infrastructure breach. Web accounts tied to phone numbers remain exposed to recovery flows that attackers can capture without touching wallets, custody systems, or exchange backends, a pattern that has shaped several market-moving incidents over the past two years. According to the SEC’s postmortem on its January 2024 X compromise, a phone number on the agency’s account lacked two-factor protection, and a fake ETF-approval post briefly moved Bitcoin by roughly $1,000 before corrections followed.
- The SEC and FBI later detailed arrests linked to that hack. According to the SEC document, that case has become a reference point for how a single spoofed message can reshape price action and trigger liquidations without any on-chain exploit. SlowMist’s founder resurfaced guidance last week describing how WeChat account captures can proceed with leaked credentials and “frequent contacts” verification.
