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Hackers Impersonate Saudi Crown Prince to Promote Fake ‘Official’ Memecoins

February 17, 2025Updated:February 17, 2025No Comments2 Mins Read
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Hackers Impersonate Saudi Crown Prince to Promote Fake ‘Official’ Memecoins
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Hackers Impersonate Saudi Crown Prince to Promote Fake ‘Official’ Memecoins

Hackers took management of the Saudi Legislation Convention’s social-media account on X, utilizing it to impersonate Crown Prince Mohammed bin Salman and promote fraudulent cryptocurrencies.

In a collection of now-deleted posts, the scammers used the identify and picture of the crown prince, who serves as Saudi Arabia’s prime minister, to advertise an “Official Saudi Arabia Memecoin” in addition to a “FALCON Memecoin.” The posts had been accompanied by contract addresses to determine the tokens.

it must be apparent. however in case it isn’t: the SaudiLawConf twitter has been hacked and repurposed, as confirmed on their insta.

there isn’t a official saudi coin. pic.twitter.com/l8JdfIziuU

— barry (@badlydrawnbarry) February 17, 2025

The convention, a serious authorized occasion within the nation, confirmed on LinkedIn that the official X account was compromised and suggested customers that any “content material revealed via the account doesn’t characterize our views or official positions in any means.”

“We verify that we’re urgently working to regain management of the account and disclaim all duty for any unauthorized posts made throughout this era. We additionally apologize to our followers for any inconvenience this may occasionally trigger and urge everybody to train warning and chorus from partaking with any suspicious content material posted via the account till additional discover,” the Saudi Legislation Convention wrote.

The incident comes amid controversy surrounding Argentine President Javier Milei over a publish selling a memecoin referred to as Libra and its subsequent removing.

Disclaimer: Statements from the Saudi Legislation Convention for this text had been translated with using synthetic intelligence.





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