- Another celebrity, American singer Doja Cat, has fallen victim to a Twitter hack promoting a Solana-based memecoin.
- The infiltration occurred around 19:15 UTC on Monday, with the hacker posting numerous tweets related to the cryptocurrency.
- Amongst the posts, the hacker encouraged followers to purchase $DOJA, sharing the token contract address and taking over Doja Cat’s profile picture.
Discover the latest incident in the volatile memecoin market as Doja Cat’s Twitter hack propels a new Solana token scam.
Doja Cat’s Twitter Hack and Solana-Based Memecoin Promotion
Doja Cat’s Twitter account was compromised, turning it into a vehicle for promoting a Solana network memecoin. Starting from 19:15 UTC on Monday, the hacker sent multiple tweets suggesting followers invest in the $DOJA token. The intrusion led to over two dozen posts, with the hacker even removing the artist’s profile picture. Despite the aggressive promotion, the $DOJA token seemed to generate limited activity, with less than 15,000 transactions and a volume of approximately $2.2 million.
Prominent Figures and Memecoin Scams
This incident joins a growing list of high-profile hacks within the memecoin space. Solana’s ecosystem has seen its fair share of fraudulent activities, with previous victims including Hulk Hogan, 50 Cent, and Metallica. These celebrities’ accounts were similarly hijacked to endorse various memecoin projects. Engaging in such illicit activities erodes trust, primarily when well-known figures become unwitting participants in these schemes. Iggy Azalea, another celebrity, responded to Doja Cat’s compromised tweets, expressing disdain for the hackers through humor and solidarity with Doja Cat.
Conclusion
The infiltration of Doja Cat’s Twitter account highlights an ongoing issue within the memecoin sector on Solana’s blockchain. While these hacks cause immediate disruptions, they also undermine the credibility and perceived security of the cryptocurrency ecosystem. The incidents underline the necessity for enhanced security measures and vigilance among public figures who can unwittingly amplify the spread of fraudulent financial instruments. Investors are reminded always to conduct thorough research before participating in any emerging market, particularly the highly volatile and speculative arena of memecoins.
