Hackers Take Advantage of Binance Co-CEO Yi He's WeChat Account to Boost Memecoin, Earning 55,000 USDT
Account Compromise: Binance co-CEO Yi He's WeChat account was hacked to promote a memecoin, leading to a pump-and-dump scheme that resulted in significant losses for late investors. The breach was due to an old phone number linked to her account that was no longer under her control.
Response from Binance: Both Yi He and Binance confirmed the hack, with Binance founder Changpeng Zhao warning users to disregard promotions from compromised accounts and emphasizing the vulnerability of social media in crypto security.
Financial Impact: The attacker profited approximately 55,000 USDT from the scheme by creating new wallets that accumulated the promoted memecoin, MUBARA, before selling off their holdings as trading volume surged.
Broader Implications: The incident raises concerns about the misuse of social media in the crypto industry, highlighting the need for investors to independently verify information and be cautious of endorsements from high-profile figures.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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