The ex-chief executive officer of Binance, Changpeng Zhao, has given a harsh caution: any worker of YZi Labs discovered endorsing digital currency tokens will be immediately fired. This declaration trails the Pump.fun intrusion, where jeopardized profiles were utilized to peddle meme coins.
CZ, as he’s famously known, advised users to be cautious of profiles pushing tokens, particularly if they appear unusual. He featured a certain occurrence of a long-term BNB advocate whose profile seemed to have been seized to promote a fresh meme coin. The profile being referred to, “artists_voyager,” professed to be a social media supervisor and content author for a Web3 firm, with previous connections with Binance Labs. Fidelity Enters the Competition for Solana ETF!
Zhao underlined that while the profile proprietor wasn’t presently connected with Binance or YZi Labs, their history inside the Binance society made the circumstance disturbing. To avert comparable occurrences, CZ unequivocally restricted YZi Labs workers from endorsing any digital currency tokens, whether openly or secretly, under threat of immediate ending.
This caution adheres to a string of current intrusions, including one targeting Dior’s authorized Instagram profile, which was utilized to promote a Solana-based meme coin dubbed “Dior Official Coin.” Likewise, the authorized X profile of Solana meme launchpad Pump.fun was endangered and utilized to promote deceitful meme tokens. Pump.fun has subsequently recovered command of its profile.
In a message, Changpeng Zhao, often called CZ, responded to a user, pointing out a current rise in account compromises. He joked that account security may get better as time goes on when they “start the wallet,” but he implied that X accounts aren’t very safe.
