Canadian rapper Drake’s X account hacked to promote fake meme coin

The hack resulted in ANITA’s trading volume rising to $4.9 million, which increased because it was tied to Drake’s upcoming tour.

Canadian hip-hop mogul Drake’s X account was compromised on December 15 after malicious actors used it to promote a meme named Anita.

The volume of the newly minted token soared to $4.9 million within hours, thanks in large part to the rapper’s 39 million followers who believed it was linked to her upcoming tour, dubbed the Anita Max Wynn tour.

Screenshot showing Drake’s X account being hacked on December 14, 2024.

The ad claimed that the token was created in conjunction with betting platform Stake, a brand that Drake has long been associated with.

Shortly after its launch, the trading volume of the meme coin increased with more than 7,000 buy orders. However, analysis by crypto detective Zachxbt and many others quickly predicted that the meme coin was a scam.

Drake’s situation is not unique; Many celebrities also become victims of similar attacks. In December 2024, Cardi B and Doja Cat were subjected to similar concessions; Halley Welch, the Tik Tok star and podcaster who became famous for her viral “Hawk Tuah” video, was recently called out by the crypto community for promoting HAWK, which reached a market cap of $480 million before crashing and leaving investors and fans stranded. bag.