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Memecoin scam promoted through compromised X accounts

September 18, 2024Updated:September 18, 2024No Comments2 Mins Read
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Memecoin scam promoted through compromised X accounts
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Blockchain investigator ZachXBT has alerted the group to a rip-off meme coin promotion utilizing a number of main X accounts.

Based on ZachXBT, the compromised accounts used to advertise the faux meme coin on Solana (SOL) embrace these of Yahoo Information UK, Lenovo India, Cash Management, and Individuals.

X accounts marked as Alexander Lacazette and Oliver Stone have additionally posted in regards to the faux meme coin on Solana. The rip-off token in query is dubbed HACKED, as proven within the screenshots ZachXBT shared.

ZachXBT offered an replace indicating that the scammers doubtless misplaced cash.

“To date it looks like the scammers doubtless misplaced cash buying this technique as the highest merchants have barely made ~$1K and market cap is $67K.”

ZachXBT.

Based on out there particulars, it seems that the compromised X accounts gave permission to the identical website or utility. In cautioning the group, ZachXBT advises customers to revoke any connections to websites or apps they not use.

In August, hackers used the X account of French soccer star Kylian Mbappe to advertise a faux MBAPPE meme coin. Earlier this month, hackers compromised the X accounts of members of the family of former U.S. president Donald Trump to advertise a faux ‘World Liberty Monetary’.

Notably, Trump unveiled the official crypto venture on Sept. 16.

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