CZ Issues Warning on Rising Meme Coin Scams Following BNB Chain Hack

Binance CEO Changpeng Zhao (CZ) has issued a warning to crypto users following a recent security breach of the BNB Chain’s X account. CZ highlighted that hackers are leveraging the popularity of meme coins, often targeting social media accounts with lax security measures, for phishing scams. These attacks involve sharing fake contract address links on these platforms, ultimately luring victims into fraudulent schemes. CZ advises against clicking on any unofficial or suspicious links, emphasizing that official Binance accounts never endorse specific memes.