Binance Founder Urges Caution On the Surge in Social Media Hacks

• CZ warns users as hackers exploit Meme coin hype through social media phishing attacks.

• BNB Chain’s X account hack exposes rising crypto scams using fake wallet connection links.
  
• Inferno Drainer group linked to phishing sites behind BNB Chain breach, Binance responds fast.
  

Binance founder Changpeng Zhao (CZ) has cautioned crypto users to remain alert as hackers exploit the rise of Meme coins to carry out scams. CZ noted that attackers are targeting social media accounts with weak security, using them to share fake contract addresses (CA) that lure users into phishing traps.

The warning followed an incident where hackers compromised the X account of BNB Chain. The account, which has nearly four million followers, was used to publish false airdrop campaigns and Meme coin promotions. These posts contained phishing links that acted as legitimate wallet connection prompts through Wallet Connect, tricking users into exposing their crypto credentials.

Related: Pump Science Security Breach: Users Warned of Fake Tokens

According to blockchain security firm SlowMist, the attackers used a fake domain that resembled BNB Chain’s original site, altering only one character in the web address. Researcher 23pds from SlowMist identified that the system behind the fake page was connected to the notorious Inferno Drainer group, known for wallet-draining schemes and phishing template sales since 2022.

Binance Team Intervenes After Account Compromise

CZ confirmed through his personal X account that Binance’s internal security team contacted X to suspend the compromised account and put in takedown requests for the phishing domains. “The BNBCHAIN account is compromised. 

The hacker posted links to phishing websites. Do NOT connect your wallet,” Zhao wrote. He reiterated his standard SAFU (Secure Asset Fund for Users) warning, reminding users to remain cautious even when messages appear from verified or official sources.

Growing Trend of Crypto Account Breaches

The BNB Chain incident adds to a growing list of social media breaches targeting the crypto sector in 2025. In February, the account of Pump.fun was misused to promote a fake governance token, while a WIRED journalist’s profile was used to push a Meme coin scam.

Related: Major Crypto News’ X Account Breached to Manipulate $TRUMP Token Price

In March, the X account of Ghana’s former president, John Mahama, was exploited to advertise a counterfeit Solana-based token named Solanafrica. A month later, UK government minister Lucy Powell’s account was used to promote another fraudulent community token.