Binance CEO Changpeng Zhao (CZ) has issued a warning about the surge in meme coin scams targeting users through compromised social media accounts. CZ highlights how hackers are leveraging these vulnerabilities to spread fake contract addresses and lure unsuspecting investors into losing their assets. 🔒 This alert underscores the increasing need for vigilance and caution, especially as meme coins like ETH and BNB experience significant price fluctuations. CZ emphasizes avoiding unofficial endorsements of meme projects and encourages users to prioritize secure trading practices. His concerns have prompted industry leaders to call for proactive measures to combat this evolving threat. The recent surge in meme coin popularity has intensified the risk of scams and hackers exploiting social media platforms. ⚠️ CZ’s plea for user awareness comes as exchanges and market participants are reacting to these security threats by suspending trading pairs and implementing additional safeguards.