Hacked X Accounts Promote Solana Meme Coin in Major Scam

19-09-2024 By: Akansha Sahu
Hacked X Accounts Pr

Hacked X Accounts Promote Solana Meme Coin, Scam Exposed

Several high-profile X accounts, including those of global organizations like Yahoo News UK, Lenovo India, and even the World Health Organization (WHO), were hacked in a new scam promoting a Solana-based meme coin called $HACKED. The attackers aimed to pump the coin and make quick profits by using the compromised accounts to spread their scam.

Solana Meme Coin Scam Targets Major Accounts

In this attack, the hackers used various X accounts to promote the meme coin $HACKED. The hackers’ message made it clear they were attempting to pump the coin and make money off of it. The posts from these hacked accounts encouraged users to participate in the coin’s trading, falsely promising profits. Screenshots shared by crypto investigator ZachXBT showed how these accounts were being used to promote the meme coin, with the hackers openly admitting the accounts had been compromised.

Hackers Fail to Make Big Profits

Despite their efforts, the hackers didn’t see huge financial gains. According to ZachXBT, the total amount they managed to earn from the scam was relatively small. Most of the scammers reportedly lost money, with the top traders making only about $1,000 each, and the coin’s market cap reaching just $67,000. The hackers were able to remove liquidity from the accounts, but their overall take was limited to around $8,000, a far cry from the larger sums typically associated with crypto scam.

Staying Safe: Regularly Check App Permissions

ZachXBT speculated that the compromised X accounts likely granted access to the same app or website, which may have led to the breach. He advised users to regularly review and revoke app permissions on their X accounts to prevent similar hacks. This can be done by going to “Settings -> Security and account access -> Apps and Sessions or Connected apps.” Regularly checking and revoking unused or suspicious permissions can help protect accounts from such breaches in the future.

Also Read: Wukong Airdrop begins, Rewards for Holding over 80K token

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