Overview
- Lookonchain traced two newly created wallets that bought about 21.16 million MUBARA for 19,479 USDT roughly seven hours before the WeChat posts.
- The wallets sold 11.95 million tokens for 43,520 USDT and still hold around 9.21 million worth about $31,000, putting realized profit near $55,000.
- Price and volume on BNB Chain decentralized exchanges such as PancakeSwap spiked within minutes, then fell more than 60% once selling began.
- Changpeng Zhao warned users to ignore the posts, and Yi He said she no longer uses WeChat and that the phone number tied to the account had been taken over.
- Binance coordinated with WeChat to restore the account and reported no impact on exchange systems or user funds, as researchers highlight recycled-number and SMS recovery weaknesses tied to similar incidents like Justin Sun’s WeChat compromise.