Yi He was appointed co-CEO of Binance last week, and this week a hacker allegedly took over her WeChat account to promote the little-known memecoin Mubarakah, according to one analyst. The attacker reportedly used only a few thousand dollars to build a position in the token, helped drive its valuation close to $5 million, then exited, leaving traders with losses of about 45% from the peak. Binance founder Changpeng Zhao (CZ) later apologized and criticized Web2 social media security, while Yi He confirmed the hack and said the old phone number linked to her WeChat account could not be recovered.

Norges Bank held 2,976,182 shares of Strategy worth $1.18 billion as of June 30, 2025, after doubling its position during the first half of the year. The Norwegian central bank has incurred estimated losses of approximately $260 million on its investment in the bitcoin treasury company, formerly known as MicroStrategy. Strategy's stock has declined 38% year-to-date in 2025, with all 2025 purchases resulting in unrealized losses.