Hi there, little friend! I am so happy to talk to you about something that happened on the internet today. Do you know what it is?
- Sometimes, people try to trick others online.
- Today, a very important person’s WeChat account got hacked.
- That means someone mean took control of it and used it to play a big trick.
This story is all about that trick and why it is important for us to be careful online. It even involves a new toy called a “MUBARA meme coin.”
Have you ever heard of WeChat? It is like a big clubhouse where people can talk, send pictures, and share news. A lady named Yi He is a big boss at a place called Binance. She uses WeChat just like we use a clubhouse.
One day, someone sneaky broke into her clubhouse account. They pretended to be her and told everyone, “Hey, look at this cool new MUBARA meme coin!”
Do you know what a meme coin is? It is kind of like a pretend money that people trade online. It can be fun, but sometimes people use it to play tricks.
The mean person made everyone think Yi He liked this MUBARA meme coin. That is called a “fake endorsement scam.” Endorsement means saying something is good. Fake means it is not real. So, a fake endorsement scam is when someone pretends to like something to trick people.
Because they pretended to be Yi He, lots of people believed them. They started buying the MUBARA meme coin. The mean person then sold lots of it and made money. That is called “artificial demand.” It means they made it look like everyone wanted it, but it was just pretend.
The good news is that people found out about the trick. They told everyone, “Hey, that was not really Yi He. Be careful!”
Now, let us talk about this in more detail, okay?
WeChat account hacked: Binance co-CEO Yi He’s account compromised in MUBARA meme coin scam
Yi He is a co-CEO of Binance. That means she is one of the bosses who helps run a big computer money place. She uses WeChat to talk to friends and share news.
One day, her WeChat account got hacked. A hacker is like a sneaky thief who uses computers. They broke into her account and started sending messages. They said she liked a new MUBARA meme coin. But it was not really her. It was the hacker pretending.
Do you know what happened next? Lots of people believed the hacker. They thought, “Oh, if Yi He likes it, it must be good!” So, they started buying the MUBARA meme coin. The hacker then sold lots of it and made money.
That is called a fake endorsement scam. The hacker pretended to be someone famous to trick people.
For more on this story, see Coindesk’s coverage of the hack.
This incident highlights the ongoing risks of social engineering attacks in the crypto space. For more on how to protect yourself, check out our guide on how to stay safe online.
Why did the hackers do it?
The hackers wanted to make money. Here is how they did it:
- They hacked Yi He’s WeChat account.
- They told everyone she liked the MUBARA meme coin.
- People believed them and started buying the coin.
- The price went up because lots of people wanted it.
- The hackers sold their coins for more money.
- They made a profit, but it was not fair.
This is called “artificial demand.” It means they made it look like everyone wanted the coin, but it was just pretend.
Do you think that was a nice thing to do? No, it was not. That is why we always need to be careful online.
How can we stay safe?
Here are some tips to stay safe online:
- Always check who is really sending a message.
- Never trust something just because a famous person says it.
- Ask a grown-up if you are not sure.
- Use strong passwords and keep them secret.
If you see something that looks too good to be true, it probably is. That is a good rule to remember.
What does this mean for us?
This story teaches us that the internet can be fun, but we must be careful. Bad people try to trick others to make money. We can help by learning and sharing what we know.
If you hear about a new MUBARA meme coin, remember this story. Ask yourself, “Is this real? Who is saying it? Can I trust them?”
Being smart online is just like being smart in real life. We look both ways before crossing the street. We do the same thing online.
FAQs
- What is a WeChat account?
- It is like a clubhouse where people can talk, send pictures, and share news.
- What is a MUBARA meme coin?
- It is a pretend money that people trade online. It can be fun, but sometimes people use it to play tricks.
- What is a fake endorsement scam?
- It is when someone pretends to like something to trick people into buying it.
- How can I stay safe online?
- Always check who is really sending a message, never trust something just because a famous person says it, ask a grown-up if you are not sure, and use strong passwords.
- Why did the hackers sell the MUBARA meme coin?
- They wanted to make money by tricking people into buying it when the price went up.
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Conclusion
Today, we learned about a WeChat account hacked story. A hacker pretended to be Yi He and told everyone to buy a MUBARA meme coin. It was a fake endorsement scam. They made money, but it was not nice.
We also learned how to stay safe online. Always check who is really sending a message, ask a grown-up, and be careful with new things.
Remember, the internet is a big place. We can have fun, but we must be smart. Let us all be safe and kind online, okay?
If you want to learn more about staying safe online, you can visit this friendly website. It has lots of fun tips and games.
And if you hear about new things like the MUBARA meme coin, remember to check with a grown-up first. Just like we do when we cross the street!
Thank you for listening, little friend. I hope you learned something new and had fun. Stay safe and keep being awesome!
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