CZ's Meme Coin Scam Alert: Verified Accounts Under Fire

Changpeng Zhao (CZ) is sounding the alarm on meme coin scams, spotlighting how hackers are hijacking verified accounts to dupe crypto traders. Stay vigilant!

CZ's Meme Coin Scam Alert: Verified Accounts Under Fire

Changpeng Zhao (CZ) is on high alert! He's been warning the crypto community about a surge in meme coin scams, where hackers are compromising verified social media accounts to promote dodgy tokens. It's a wild west out there, folks!

The Verified Account Hijack Trend

CZ has been vocal about how hackers are exploiting the hype around meme coins by targeting social media accounts, especially those with weaker security. They then post fake contract addresses, luring unsuspecting users into potential rug pulls. Even official accounts aren't safe!

Back in October 2025, the BNB Chain's X account (with nearly four million followers!) was compromised to promote false airdrops and meme coins. These posts contained phishing links designed to steal your crypto credentials. Scary stuff!

PancakeSwap and Celebrity Shenanigans

It's not just BNB Chain. Remember when the Chinese PancakeSwap X account got hijacked to promote a meme coin called “Sir Pancake”? It hit a $20 million trading volume in hours! And get this: even celebrity and brand accounts are being targeted. Drake's X account was once used to push the ANITA coin, and Dior's account promoted a fake DIOR coin. The audacity!

CZ's Stance: Caution is Key

CZ isn't exactly a meme coin hater, but he's definitely not endorsing them. He consistently warns users not to trust contract addresses shared by verified accounts without thorough verification. He favors projects with actual utility, and he's all about keeping the crypto space SAFU (Secure Asset Fund for Users).

The Community Fights Back (Sort Of)

Some blockchain communities are manually verifying coin launches and issuing warnings. And there's always that segment of the community that tries to flip scam coins for fun (talk about living dangerously!). But CZ is clear: don't blindly trust social media posts, no matter the source.

Final Thoughts: Stay Woke, Crypto Fam!

The bottom line? Stay vigilant! Double-check everything, and don't let the meme coin hype cloud your judgment. As CZ himself said, “Beware that official accounts do not endorse any specific memes.” In the world of crypto, a healthy dose of skepticism is your best friend. Now go forth and trade wisely (and maybe with a bit of humor)!