Deep Dive
1. WeChat Hack Triggers 200% Pump (10 December 2025)
Overview:
Attackers hijacked Binance Co-CEO Yi He’s dormant WeChat account on December 9, promoting MUBARAKAH in a pump-and-dump scheme. Two wallets bought 21.16M tokens ($19.5K) pre-hack, then sold 11.95M during the 200% surge to net $55K profit. Binance’s CZ warned users to avoid the scam, confirming no internal systems were breached.
What this means:
The incident underscores meme coins’ susceptibility to social engineering. While MUBARAKAH’s price spiked to $0.007283 (vs. $0.0007 pre-pump), it later corrected to $0.00336 (–54%), reflecting low liquidity and high speculative risk. (Lookonchain)
2. SIM-Swap Risks Exposed (11 December 2025)
Overview:
The hack exploited China’s recycled phone number system and weak SMS-based 2FA. SlowMist founder Yu Xuan noted attackers only needed access to Yi He’s “frequent contacts” to bypass security – a flaw in WeChat’s recovery process.
What this means:
This reveals systemic risks for crypto leaders using Web2 platforms. While MUBARAKAH itself wasn’t compromised, the event could pressure projects to adopt Web3-native communication tools, potentially reducing future pump-and-dump vectors. (Coinlive)
3. Market Cap Volatility (10 December 2025)
Overview:
MUBARAKAH’s market cap swung from $1.7M to $8M during the hack, settling at $3.8M. Despite the volatility, it remains 88% below its March 2025 ATH of $0.026.
What this means:
The token’s 24h turnover ratio of 1.89 signals thin liquidity, amplifying price swings. With RSI at 79.6 post-surge, overbought conditions suggest traders should monitor sell-side pressure.
Conclusion
MUBARAKAH’s recent drama hinges on security flaws in legacy platforms, not protocol fundamentals. While the hack briefly revived trading activity, sustained momentum would require organic utility – a hurdle for most memecoins. Will enhanced executive account security curb future exploits, or simply shift attackers to new targets?