Mubarakah Token May Have Surged 200% After Suspected Binance WeChat Hack

• Hacker exploited Binance’s WeChat account to promote Mubarakah, causing a rapid 200% price increase followed by a sharp decline.

• Two newly created wallets purchased 21.16 million tokens using 19,479 USDT, capitalizing on the hype.

• On-chain data revealed sales of 11.95 million tokens for 43,520 USDT, with remaining holdings valued at $31,000 for a total profit of $55,000; Binance confirmed the breach and warned against such scams.

Mubarakah price surge: Hacker uses Binance WeChat hack to pump token 200%, netting $55K. Learn how the incident unfolded and Binance’s response. Stay secure in crypto trading today.

What Caused the Mubarakah Price Surge After the Binance WeChat Hack?

Mubarakah price surge was triggered by a hacker who compromised a WeChat account associated with Binance co-founder Yi He, posting promotional content about the meme token. This led to immediate buying pressure, pushing the price from $0.0007087 to $0.007283 within hours. The event underscores the risks of social media in crypto, as the token’s value later retraced significantly, leaving traders cautious.

How Did the Hacker Execute the Binance WeChat Hack and Profit from Mubarakah?

The hacker accessed the compromised WeChat account around seven hours before the promotion, creating two new wallets: 0x6739 and 0xD0B8. These wallets deployed 19,479 USDT to buy 21.16 million Mubarakah tokens at low prices, according to on-chain analytics from platforms like Lookonchain. As the post spread across social channels, trading volume spiked, allowing the sale of 11.95 million tokens for 43,520 USDT during the peak. The remaining 9.21 million tokens, now worth approximately $31,000, contributed to an overall profit of $55,000. Binance CEO Changpeng Zhao addressed the incident on social media, stating, “Do not buy meme coins from the hacker’s posts. Web2 social media security is not that strong.” This quote from Zhao emphasizes the platform’s vulnerability to such attacks, drawing from recent patterns of compromised accounts in the crypto space. Experts from blockchain security firms, such as those cited in reports by PeckShield, note that similar incidents have increased by 40% in 2025, often involving social engineering to exploit high-profile accounts for pump-and-dump schemes.

The broader implications of this Binance WeChat hack reveal ongoing challenges in securing communication channels tied to major exchanges. On-chain data confirmed the coordinated nature of the trades, with inflows occurring precisely as the promotional message went viral. Market observers reported that liquidity pools for Mubarakah saw unusual activity, with the token’s market capitalization ballooning from $1.7 million to nearly $8 million in a short span before settling around $3.8 million. This volatility affected retail traders who jumped in based on the seemingly official endorsement, only to face losses as the price corrected.

Binance’s response was swift, with the exchange verifying the breach and removing the unauthorized post. Internal audits, as mentioned in official statements, helped trace the access misuse without impacting core trading operations. The incident occurred amid a separate internal probe at Binance, where an employee was suspended for promoting a different meme token on an official channel during its launch. This led to the exchange rewarding five whistleblowers with a total of $100,000 for their reports, demonstrating Binance’s commitment to transparency and internal controls.

Frequently Asked Questions

What Was the Exact Timeline of the Mubarakah Token Surge Due to the Binance WeChat Hack?

The hack unfolded on December 10, 2025, when the compromised WeChat account posted about Mubarakah around midday UTC. Wallets were created seven hours prior, buying tokens at approximately $0.0007087. The price peaked at $0.007283 within two hours of the post, with sales occurring immediately after, per on-chain records from Etherscan and similar trackers.

How Can Crypto Traders Protect Themselves from Social Media Hacks Like the Binance Incident?

To avoid falling for promotions from hacked accounts like the Binance WeChat case, always verify sources through official exchange channels and use hardware wallets for trades. Enable two-factor authentication on all linked accounts, and monitor on-chain activity via tools like Dune Analytics before buying hyped meme coins. Binance recommends reporting suspicious posts directly to their support team for quick resolution.

Key Takeaways

• Rapid Price Volatility in Meme Tokens: The Mubarakah surge shows how a single hacked post can drive 200% gains, but retracements often follow, wiping out retail profits quickly.
• On-Chain Evidence of Coordination: New wallets buying 21.16 million tokens pre-pump confirmed the attacker’s strategy, highlighting the importance of transaction transparency in crypto.
• Strengthen Security Practices: Follow Binance’s advice to avoid unverified social media promotions and report potential breaches to prevent similar incidents in the ecosystem.

Conclusion

The Mubarakah price surge following the Binance WeChat hack serves as a stark reminder of the fragility in crypto social media promotions and the need for vigilant security measures. With profits of $55,000 extracted through coordinated trades, this event aligns with rising trends in account compromises reported by firms like Chainalysis. As the market evolves in 2025, exchanges like Binance continue to bolster defenses, rewarding whistleblowers and urging users to prioritize verified information for safer trading decisions.

Mubarakah surged over 200% after a hacker used Binance’s WeChat account to promote the token, gaining $55K through coordinated wallet activity.

• Hacker used Binance’s WeChat to pump Mubarakah, triggering a 200% surge and fast retrace.
• Two new wallets bought 21.16M tokens and secured about $55K profit during the pump.
• Binance faced a separate internal misuse case, leading to suspension and whistleblower rewards.

A hacked WeChat account linked to the Binance ecosystem pushed Mubarakah higher after the attacker used the compromised channel to promote the meme token. The asset moved more than 200% within hours and then returned lower. Traders monitored rapid inflows as the post spread, and on-chain data later confirmed coordinated activity from two new wallets created shortly before the surge.

Hacked Binance WeChat Account Triggers Mubarakah Price Spike

Someone hacked Binance’s WeChat account and posted about Mubarakah, sending the token’s price soaring. The promotion came from the account of Yi He, and traders responded with fast buying. The token climbed from $0.0007087 to $0.007283 before it pulled back. Mubarakah remains well below its March 2025 peak of $0.02604.

Someone hacked heyibinance’s WeChat account, and posted about $Mubarakah, sending the token’s price soaring. cz_binance
The hacker created 2 new wallets(0x6739 and 0xD0B8) ~7 hours ago and spent 19,479 $USDT to buy 21.16M $Mubarakah.
After the pump, the hacker has already… pic.twitter.com/39ncDQjgSe

— Lookonchain (@lookonchain) December 10, 2025

On-chain records show that wallets 0x6739 and 0xD0B8 appeared about seven hours before the surge. These wallets spent 19,479 USDT to acquire 21.16 million Mubarakah, and the activity formed the base of the later move. During the pump, the attacker sold 11.95 million tokens for 43,520 USDT.

The attacker still holds 9.21 million tokens, valued at about $31,000, bringing total estimated profit to $55,000. Changpeng Zhao confirmed the breach on X, saying, “Do not buy meme coins from the hacker’s posts. Web2 social media security is not that strong.” His post followed several recent scams involving compromised accounts.

Market Reaction and Binance’s Separate Internal Case

Mubarakah’s market cap moved from $1.7 million to nearly $8 million and then returned close to $3.8 million. Some analysts observed trading activity shortly before the hacked post, and market charts showed sharp swings as liquidity shifted. BNB and the broader market recorded normal movement during the event.

At the same time, Binance suspended an employee for posting about a new meme token on an official account. The exchange said internal checks confirmed misuse of access during the token’s launch. Binance contacted authorities and also distributed $100,000 to five whistleblowers who reported the activity.

The exchange stated that it aims to keep internal systems strong and also encouraged users to submit verified reports through the official channel. CZ added that he still forwards misconduct reports while warning traders to avoid false claims.