Memecoin scam promoted through compromised X accounts

Blockchain investigator ZachXBT has issued a warning to the crypto community regarding a scam promotion for a fraudulent meme coin named HACKED. This scam has involved several major accounts on X, including those of Yahoo News UK, Lenovo India, Money Control, and People, which have been compromised to promote the token.

In addition to these well-known brands, accounts posing as figures like Alexander Lacazette and Oliver Stone have also shared posts about the fake meme coin. ZachXBT shared screenshots highlighting the deceptive activity, urging users to exercise caution and verify information before engaging with any promotions related to the HACKED token on the Solana network.

ZachXBT provided an update indicating that the scammers likely lost money.

“So far it seems like the scammers likely lost money purchasing this method as the top traders have barely made ~$1K and market cap is $67K.”

ZachXBT.

According to the details shared by ZachXBT, it seems that the compromised X accounts granted access to the same site or application, leading to the promotion of the scam meme coin. In his warning, ZachXBT advises users to revoke any connections to sites or applications they no longer use, enhancing their security against potential scams.

This incident follows a troubling trend, as hackers previously exploited the X account of French football star Kylian Mbappé in August to promote a fake MBAPPE meme coin. More recently, the X accounts of family members of former U.S. President Donald Trump were compromised to promote a fraudulent project called “World Liberty Financial.” Notably, Trump introduced the official crypto project on September 16, drawing further attention to the vulnerabilities in social media accounts related to crypto promotions.