Dogwifhat’s X account hacked to promote meme coins: report

Dog-themed meme coin Dogwifhat’s X account was hijacked on November 14 to promote several Solana-based tokens on the platform.

Crypto scammers attempted to raise the price of three different meme coins: popwifnut (POPWNUT), muu (MUU), and DogWifDoge (WIFD) through multiple now-deleted posts and rebranded profile descriptions.

Hackers introduce meme money on Dogwifhat’s X | Source: X

While alert community members were quick to point out that the account had been compromised, web3 security firm Harpie confirmed the hack and urged X users to avoid fake posts.

Initially, attackers began posting about MUU, a meme coin created less than a month ago, with contract addresses, encouraging Dogwifcoin’s (WIF) more than 115,000 followers to purchase the meme coin.

Now-deleted posts of hacker promoting a meme coin | Source: X

Shortly after the posts, the token traded sideways reached an all-time high, according to Dexscreener data. However, the rise was short-lived as prices crashed as bad actors liquidated their assets.

Other tokens WIFD and POPWNUT, both created less than 24 hours ago, suffered a similar fate, with a crash followed by massive price increases. At the time of writing, both meme coins have fallen over 83% in the last six hours and their market caps are $12,000 and $37,000 respectively.

At the time of this writing, Dogwifhat developers have regained access to the account and returned it to its original state, removing all traces of the scammers’ activities.

Despite the incident, WIF’s price has remained relatively stable, experiencing only a minor correction of just over 17% in the last 24 hours. This decline, along with declines in several other meme coins, was mainly driven by BTC’s 2.4% decline.

This development comes just days after WIF was listed on leading crypto exchange Coinbase; This was a milestone that saw the token break the $4 barrier for the first time since April and helped it gain over 50% in the last 7 days.

This incident highlights a recurring trend of scammers infiltrating X accounts of leading crypto projects to deceive cryptocurrency investors. On September 19, the

At the same time, blockchain researcher ZachXBT warned that many major X accounts, including Yahoo News UK, Lenovo India, Money Control and People, had been compromised to support similar schemes.