<div><h2><strong style="font-weight:bolder">Key Takeaways</strong></h2><div> </div><ul start="1" style="list-style-type:disc"><li><div>Binance Co-Founder and newly appointed Co-CEO <strong style="font-weight:bolder">Yi He revealed that her WeChat account was hijacked</strong> after an old mobile number tied to the account was reassigned by a telecom provider.</div></li><li><div>Hackers used the compromised account to promote a token named <strong style="font-weight:bolder">Mubarakah</strong>, reportedly profiting <strong style="font-weight:bolder">around $55,000</strong>.</div></li><li><div>The incident comes weeks after <strong style="font-weight:bolder">Justin Sun</strong> also reported his WeChat account being hacked.</div></li><li><div>SlowMist’s founder warns that <strong style="font-weight:bolder">WeChat account takeovers require alarmingly low effort</strong>, especially with leaked passwords and recycled phone numbers.</div></li><li><div>CZ reminds users that he does <strong style="font-weight:bolder">not</strong> use WeChat and will never promote any meme coin contracts through that platform.</div></li><li><div>A series of recent account compromises, including the BNB Chain official X account, highlight the growing need for stronger Web2 security among crypto leaders.</div></li></ul><div> </div><h2><strong style="font-weight:bolder">Overview of the Incident</strong></h2><div> </div><div>Binance Co-Founder and Co-CEO <strong style="font-weight:bolder">Yi He</strong> announced on X that her WeChat account was recently compromised.
 The breach occurred because an <strong style="font-weight:bolder">old mobile number tied to the account had been recycled and reassigned</strong>, allowing an attacker to take full control.</div><div> </div><div>Yi He stated that the WeChat account had been inactive for a long time and is now completely unrecoverable due to the reassigned phone number.</div><div> </div><h3><strong style="font-weight:bolder">Hacker Promotes Token to Generate Profit</strong></h3><div> </div><div>Blockchain analytics platform <strong style="font-weight:bolder">Lookonchain</strong> reported that the attacker used the compromised WeChat account to shill a token called <strong style="font-weight:bolder">Mubarakah</strong>, which saw a short-term price spike.The hacker is estimated to have gained <strong style="font-weight:bolder">approximately $55,000</strong> from the scheme.</div><div> </div><div>The attack took place only days after Binance CEO Richard Teng announced Yi He’s promotion to <strong style="font-weight:bolder">Co-CEO</strong>, describing the leadership change as a “natural evolution.”</div><div> </div><h2><strong style="font-weight:bolder">The Incident Follows a Similar Attack on Justin Sun</strong></h2><div> </div><div>Earlier in November, <strong style="font-weight:bolder">Tron founder Justin Sun</strong> also reported that his WeChat account had been taken over by unknown actors.</div><div>
 He stated on X that he had reached out to WeChat’s support team in an attempt to recover the account.</div><div> </div><div>The two incidents happening so close together highlight a broader issue: <strong style="font-weight:bolder">Web2 platforms remain a weak link for high-profile figures in crypto</strong>, even as Web3 security continues to advance.</div><div> </div><h2><strong style="font-weight:bolder">SlowMist Founder Explains Why WeChat Hijacking Is So Easy</strong></h2><div> </div><div>SlowMist founder <strong style="font-weight:bolder">Yu Xuan</strong> reshared a technical breakdown explaining the mechanics of WeChat account takeovers—and why the barrier to entry is surprisingly low.</div><div> </div><h3><strong style="font-weight:bolder">Account Takeover Requires Only Minimal Verification</strong></h3><div> </div><div>According to Yu Xuan’s testing:</div><ol start="1" style="list-style-type:decimal"><li><div>If attackers obtain leaked login credentials,</div></li><li><div>They only need verification from <strong style="font-weight:bolder">two "frequently contacted" accounts</strong>, which may simply be users who interacted in group chats—even without any direct messaging history.</div></li></ol><div>This makes the entire attack flow extremely accessible to cybercriminals.</div><div> </div><h3><strong style="font-weight:bolder">Recycled Phone Numbers Are a Major Risk</strong></h3><div> </div><div>In China, telecom providers typically <strong style="font-weight:bolder">reassign unused numbers after three months</strong>, meaning:</div><ul start="1" style="list-style-type:disc"><li><div>Previously linked WeChat or payment accounts</div></li><li><div>Weak or reused passwords</div></li><li><div>Credential stuffing attacks</div></li><li><div>SIM swap abuse</div></li><li><div>Social engineering</div></li></ul><div>…become significantly more effective paths for compromise.</div><div> </div><h3><strong style="font-weight:bolder">SlowMist’s Security Recommendations</strong></h3><div> </div><div>Yu Xuan advises crypto executives and OTC traders to:</div><ul start="1" style="list-style-type:disc"><li><div>Avoid adding unknown contacts casually</div></li><li><div>Rotate passwords regularly</div></li><li><div>Respond immediately to login or security alerts</div></li><li><div>Diversify communication channels and avoid over-reliance on any single Web2 app</div></li></ul><div> </div><h2><strong style="font-weight:bolder">CZ Responds—“I Do Not Promote Meme Coins on WeChat”</strong></h2><div> </div><div>Binance Co-Founder <strong style="font-weight:bolder">CZ</strong> also commented on X, clarifying that he has <strong style="font-weight:bolder">not used WeChat for a long time</strong>.
 He emphasized that he would <i>never</i> promote:</div><ul start="1" style="list-style-type:disc"><li><div>Meme coins</div></li><li><div>Contract addresses</div></li><li><div>Investment opportunities</div></li></ul><div>…through that platform, urging users to stay vigilant against impersonation schemes.</div><div> </div><h2><strong style="font-weight:bolder">Part of a Larger Trend: BNB Chain’s X Account Was Also Hacked</strong></h2><div> </div><div>Yi He’s case is not an isolated incident. Just months earlier, the official <strong style="font-weight:bolder">BNB Chain X account</strong> was compromised on October 1. Hackers posted phishing links that resulted in <strong style="font-weight:bolder">roughly $8,000 in user losses</strong>. BNB Chain later confirmed that <strong style="font-weight:bolder">all impacted users were fully reimbursed</strong>.</div><div> </div><h3><strong style="font-weight:bolder">Web2 Vulnerabilities Pose Real Threats to Web3 Leaders</strong></h3><div> </div><div>As crypto remains heavily tied to Web2 communication channels (WeChat, X, Telegram), these platforms become attack vectors that can:</div><ul start="1" style="list-style-type:disc"><li><div>Manipulate token prices</div></li><li><div>Mislead large user groups</div></li><li><div>Damage brand credibility</div></li><li><div>Facilitate phishing or fund theft</div></li></ul><div>In other words, <strong style="font-weight:bolder">Web2 account compromise is becoming a major cybersecurity risk for the crypto industry</strong>.</div><div> </div><h2><strong style="font-weight:bolder">Conclusion: Crypto Leaders Need Stronger Multi-Layer Security</strong></h2><div> </div><div>The series of recent security breaches illustrates a harsh reality:
Even as Web3 grows more secure, <strong style="font-weight:bolder">Web2 identity systems remain fragile</strong>, especially for high-profile figures.</div><div>To mitigate risks, industry leaders should consider:</div><ul start="1" style="list-style-type:disc"><li><div>Strict management of linked phone numbers</div></li><li><div>Multi-factor authentication (2FA)</div></li><li><div>Rapid-response security workflows</div></li><li><div>Separation of personal and professional communication channels</div></li><li><div>Regular password updates and credential hygiene</div></li></ul><div> </div><div>With attackers increasingly targeting social platforms, <strong style="font-weight:bolder">security strategy must extend beyond wallets and blockchains</strong> to include all digital identities.</div><div> </div><h2><strong style="font-weight:bolder">FAQs</strong></h2><div> </div><h3><strong style="font-weight:bolder">Q1: Why are crypto executives frequently targeted by hackers?</strong></h3><div> </div><div>Their communication channels have large influence, allowing attackers to push scams, pump tokens, and deceive investors efficiently.</div><div> </div><h3><strong style="font-weight:bolder">Q2: Does a recycled phone number automatically compromise a WeChat account?</strong></h3><div> </div><div>Not automatically, but it significantly increases risk, especially when paired with leaked credentials or weak passwords.</div><div> </div><h3><strong style="font-weight:bolder">Q3: Are Web2 account breaches connected to on-chain losses?</strong></h3><div> </div><div>Indirectly. While wallet keys remain safe, impersonation attacks through compromised accounts can lead to large-scale phishing and financial loss.</div><div> </div><h3><strong style="font-weight:bolder">Q4: What security measures should high-profile crypto figures adopt?</strong></h3><div> </div><div>Password rotation, 2FA, reduced exposure of personal accounts, and multi-channel verification for sensitive communications.</div><div> </div><h3><strong style="font-weight:bolder">Q5: Should crypto companies move away from Web2 platforms entirely?</strong></h3><div> </div><div>Complete separation is unrealistic. Instead, companies should adopt <strong style="font-weight:bolder">layered security</strong>, official verification frameworks, and clear communication standards.</div></div>

Binance Co-CEO Yi He’s WeChat Account Compromised: A Wake-Up Call for Web2 Security Risks in Crypto

Key Takeaways Binance Co-Founder and newly appointed Co-CEO Yi He revealed that her WeChat account was hijacked after an old mobile number tied to the account was reassigned by a telecom provider. Hac

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