Yi He’s WeChat Hijacked to Promote Fake Token 'Mubarakah'

Crypto News Exploits

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 10, 2025

Key Takeaways

Binance co-CEO Yi He’s WeChat was hacked after her old phone number was reassigned, which led to fake token promotions;
Hackers used the hijacked account to push the “Mubarakah” token, which earned about $55,000 through a pump-and-dump scheme;
Experts warn that reissued phone numbers in China enable SIM-swap scams and social engineering attacks on inactive accounts.

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Yi He’s WeChat Hijacked to Promote Fake Token 'Mubarakah'

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Yi He, co-CEO of Binance $9.01B , 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 TRX $0.2704 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.