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.