<ul>
<li>The cryptocurrency market has been rocked by a series of events in the past 24 hours, including hack attacks, price manipulations, and scandals.</li>
<li>High-profile figures' accounts being compromised and the resulting investor losses have added to the chaos.</li>
<li>Significant fluctuations in token prices have been observed, further highlighting the volatility of the market.</li>
</ul>
<p><strong>Discover the latest turmoil in the crypto world, from high-profile hacks to market manipulations, and understand its impact on investors.</strong></p>
<h2><strong>High-Profile Hacks Shake the Crypto Community</strong></h2>
<p>In a shocking turn of events, the accounts of popular television star Caitlyn Jenner and rapper Rich the Kid were compromised on May 26. Both accounts posted about meme coins, causing a stir in the crypto community. Jenner's account posted, "Let's win together! Send me some of your favorite meme coins here," while Rich the Kid's account shared similar content. However, confusion ensued when Jenner later posted a video claiming her crypto account was legitimate, while Rich the Kid's post was swiftly deleted. Blockchain researcher CodeXBT suggested that a crypto wallet was behind these posts, raising suspicions of a hack.</p>
<h3><strong>Altcoin Manipulation via GiganticRebirth's Account</strong></h3>
<p>On the same day, renowned crypto investor GiganticRebirth's account was also hacked. The attacker used the account to post about Ordi (ORDI) and LUNA2, leading to a sudden spike in their prices. ORDI saw a 15% increase, while LUNA2 experienced less dramatic movement. It was later revealed that the attacker had opened futures positions on ORDI on Binance and OKX just minutes before the posts. GiganticRebirth claimed that an X employee was bribed to gain access to the account, calling for better security measures from the platform.</p>
<h2><strong>Friend.tech Founder’s Statement Causes Token Price Drop</strong></h2>
<p>In another significant development, Racer, the founder of Web3 social media platform Friend.tech, announced plans to leave Coinbase's Base, an Ethereum Layer-2 project. Racer stated, "If you find a way to move friendtech away from Base without causing major issues for users, we will pay you $200,000." This announcement led to a more than 20% drop in the price of the FRIEND token. Jesse Polak, who oversees Base at Coinbase, expressed disappointment but respect for whatever decision the Friendtech team makes.</p>
<h3><strong>Conclusion</strong></h3>
<p>The recent events in the cryptocurrency market underscore the importance of robust security measures and the potential for significant market impact from high-profile figures and projects. Investors should remain vigilant and stay informed about the latest developments to navigate the volatile crypto landscape effectively.</p>
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