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CZ Warns of Hacked Accounts Promoting Tokens, Threatens to Fire YZi Labs Staff
Changpeng Zhao, the former CEO of Binance, has issued a warning to users about hacked accounts promoting tokens. In a recent post, CZ shared a screenshot of an account belonging to a trader who was a Binance supporter, which had been compromised.
CZ suspected the account had been hacked because it suddenly started promoting meme coins to its followers. The account’s handle, “artists_voyager,” claimed to be a social media manager and content writer for web3 companies, as well as doing marketing for Binance Labs.
CZ Clarifies Account Owner’s Affiliation
CZ explained that the account owner does not work for Binance or YZi Labs. However, many people from the Binance community follow the account because the owner is a “long-time supporter of BNB.”
Warning to YZi Labs Staff
CZ also issued a warning to YZi Labs employees, stating they are not allowed to promote any type of cryptocurrency coins privately or publicly. If they are caught promoting coins, they will be “fired immediately upon discovery.”
Recent Hacking Incidents
CZ’s warning comes after several recent hacking incidents, including the Solana meme launchpad Pump.fun’s official X account being compromised and used to promote scam meme coins. The hackers used the account to share posts urging followers to purchase a fake Pump.fun governance token.
Earlier this month, the official Dior Instagram account experienced a similar hack when it uploaded a post promoting a Solana-based meme coin dubbed the Dior Official Coin.
Tips for Protecting Your Account
To protect your account from hacking, consider the following:
- Use strong and unique passwords for each account
- Enable two-factor authentication (2FA) whenever possible
- Be cautious of suspicious links and emails
- Regularly monitor your account activity for any unusual behavior
X accounts are not that secure, but they might improve their account security overtime once they “launch a wallet.”
CZ’s comments highlight the importance of account security in the cryptocurrency space. Stay up-to-date with the latest news and developments in the world of crypto by following Global Crypto News.
