Binance co-CEO Yi He confirmed her old WeChat was compromised and used to promote the memecoin MUBARA, prompting a rapid trading surge. Analytics traced two newly created wallets that bought about 21.16 million MUBARA for 19,479 USDT, then sold 11.95 million for 43,520 USDT. The wallets still hold roughly 9.21 million tokens, leaving estimated gains near $55,000 with remaining inventory yet to be offloaded. Dexscreener data showed the token jump from roughly $0.001 to $0.008, briefly valuing it near $8 million before a drop of over 60%. CZ warned users to ignore the posts as Yi He said her phone-linked account cannot be recovered, while KOLs flagged possible front-running and Binance issued no broader statement.
