Suche
Mein Konto
Attention: CZ warns about hacked accounts and dangerous meme coins!
Changpeng Zhao warns the crypto community about hacked accounts promoting fake meme coins and emphasizes the importance of security.
Attention: CZ warns about hacked accounts and dangerous meme coins!
Changpeng “CZ” Zhao, the former CEO of Binance, has warned the crypto community about the risks associated with hacked official social media accounts used to promote meme coins. In particular, he has pointed out the increasing number of hacks in which such accounts are compromised to promote fake tokens and fraudulent contracts. In a post on his He underlined that official accounts do not support specific meme coins.
A recent incident illustrated these dangers: The BNB Chain This resulted in the BNB community briefly increasing the price of the token by 500% before falling sharply. A hacker attack on the PancakeSwap X account on October 8th, which promoted a meme coin called “Sir Pancake,” also caused a stir; After the launch, it recorded a trading volume of $20 million.
Criticism of meme coin inflation
Regardless of these incidents, CZ has a nuanced view of meme coins. Although he sees the revival of these coins on the BNB Chain, he appeals to developers to focus on utility rather than hype. The BSC ecosystem is currently experiencing a surge in meme coin trading, supported by trading platforms such as Four.Meme and PancakeSwap, which are contributing to higher trading volumes. Four.Meme recently surpassed Pump.fun in 24-hour sales.
Additionally, in February, CZ called the meme coin ecosystem on the BNB Smart Chain “immature,” given the challenges of handling the onslaught of dog-themed meme coins inspired by his dog Broccoli. These factors highlight the complexity and volatile potential of the current meme coin market.
Developments in the meme coin space also shed light on broader trends within the crypto community. CZ surprisingly expressed that meme coins on the BNB Chain are now gaining momentum - a clear contrast to previous trends that were dominated by Solana meme coins. These changes could have long-term effects on the market landscape, which is why it remains important for users to be cautious and aware of the risks involved.
For more information about CZ's warnings and current trends in the meme coin space, read the details in the reports Crypto News.