Scammers Exploit Crypto Influencers’ X Accounts to Promote Memecoin: Key Details on $MEME

  • Scammers have targeted popular crypto influencers on X (Twitter) with the acronym GCR, on late Sunday.
  • The hacker apparently posted promotional content on ORDI and Luna 2.0 tokens, resulting in momentary price increases.
  • GCR later confirmed the hack, asking followers to ignore any promotional posts.

Scammers are targeting crypto influencers on X, causing brief price surges in tokens like ORDI and Luna 2.0. Stay informed and vigilant.

Observers’ Predictions

GCR’s heads-up on the hack has caught the eyes of several crypto observers who predicted the possible motive of the hack. For instance, Bitcoin developer and an observer Udi Wertheimer has predicted that GRC’s X account hack could be a part of a wider scam targeting celebrities and crypto influencers. “As more niche celebs are popping up by the minute launching meme coins — on a long weekend when platform engineers are away — I recommend that you guys be very careful,” he warned.

Celebrity Crypto influencers’ X Accounts Hacked

Previously, American rapper “Rich The Kid” posted a link to buy a new token RICH, launched on the Solana memecoin creation platform – pump.fun. According to DEX Screener data, the token’s market value reached $90,000 in the first two hours of its release. However, the post was later deleted and no official statement from Rich The Kid management was made confirming that it was a hack. Parallely, American media celebrity Caitlyn Jenner’s X account promoted a new memecoin JENNER, also on pump.fun platform. Apparently, the token accumulated a market value of $4.7 million since its launch. Given the token’s sudden surge, many believed it to be a hack. Jenner again strongly promoted that coin few hours ago, asking followers to ignore influencers who told not to buy JENNER token. “They want you to stay broke,” her recent post read.

Conclusion

The recent wave of hacks targeting crypto influencers on X underscores the importance of robust security measures and vigilance in the crypto space. As scammers continue to exploit high-profile accounts to manipulate token prices, it is crucial for both influencers and their followers to stay informed and cautious. The incidents involving GCR, Rich The Kid, and Caitlyn Jenner highlight the ongoing risks and the need for enhanced security protocols on social media platforms.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

German Government Sells 49,858 Bitcoins, Missing Out on $2.03 Billion Profit

Recent reports from Arkham Data reveal that the German...

Unlocking BTC Liquidity: Zeus Network Launches Phase One of ZEUS Token to Transform Solana’s DeFi Ecosystem

On November 23rd, COINOTAG News reported that Zeus Network...

Whale Moves 6,404 ETH to Binance Amid $21 Million Transaction – What It Means for Ethereum

According to a recent analysis by on-chain expert Embermonitor,...

MicroStrategy Leverages Bitcoin for Financial Operations, Enhancing Shareholder Value

In a recent update on November 22, Michael Saylor...

Solana (SOL) Emerges as the Next Big Thing in Crypto, According to Bitwise CEO Hunter Horsley

In a recent statement on November 22, 2023, Bitwise...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img