Thomas Daniels
Changpeng Zhao (CZ), former CEO of Binance, has issued a stern warning regarding hacked accounts promoting cryptocurrencies and clarified that YZi Labs employees found endorsing tokens will be fired immediately.
In a recent post, CZ highlighted a suspicious account promoting meme coins, suspecting it had been compromised. He shared a screenshot of the account, belonging to a trader known as a Binance supporter, which had abruptly begun promoting new tokens to followers.
“This account probably just got hacked. It suddenly started to reach out to people to promote new meme coins. And the profile changed,” CZ stated.
The account in question, @artists_voyager, describes itself as a social media manager and content writer for Web3 companies, also claiming to be involved in marketing for Binance Labs. CZ clarified that the individual is not affiliated with Binance or YZi Labs but is widely followed within the Binance community due to their long-standing support for BNB.
Beyond addressing this specific incident, CZ issued a broader directive to YZi Labs employees, prohibiting them from promoting any cryptocurrency, publicly or privately. “If they are caught promoting coins, they will be fired immediately upon discovery,” he emphasized.
Security Concerns Amid Recent Hacks
CZ’s warning follows a wave of social media account breaches, including the recent hack of Solana-based meme launchpad Pump.fun’s official X account. Attackers leveraged the compromised profile to promote a fraudulent Pump.fun governance token, misleading users. As of now, Pump.fun has regained control of its account.
This incident is part of a growing trend of high-profile hacks. Earlier this month, Dior’s official Instagram account was hijacked and used to promote a Solana-based meme coin, Dior Official Coin. The post was removed after the account was recovered, but not before the fraudulent token amassed over $1 million in trading volume.
In a separate comment, CZ responded to concerns about the surge in hacked accounts, acknowledging security flaws in X’s platform. However, he quipped that security might improve if X eventually “launches a wallet.”
