Binance CEO Changpeng Zhao (CZ) has issued a warning about a rise in memecoin scams orchestrated by the Inferno Drainer group. This group has been exploiting hacked verified accounts to distribute fake airdrops and phishing links across platforms such as BNB Chain, Solana, and Ethereum. One notable scam involved a fake token named 'Sir Pancake,' which generated $20 million in trading volume before executing a rug pull. CZ stressed that official accounts do not endorse any memecoins and urged investors to diligently verify domains and contract addresses to avoid falling victim to these scams. The warning highlights the increasing sophistication of crypto scams and the need for heightened vigilance among investors.