Memecoin scam promoted through compromised X accounts

Blockchain researcher ZachXBT has warned the community about a scam meme coin promotion using several big X accounts.

According to ZachXBT, the compromised accounts used to promote the fake meme coin Solana (SOL) include those belonging to Yahoo News UK, Lenovo India, Money Control, and People.

The X accounts marked as Alexander Lacazette and Oliver Stone also posted about the fake meme coin on Solana. As seen in the screenshots shared by ZachXBT, the scam token in question is called HACKED.

ZachXBT has updated the scammers to say they have likely lost money.

“So far, it looks like the scammers have lost money buying into this method, as the largest investors have only made $1,000 and the market cap is $67,000.”

ZachXBT.

Based on the available details, it appears that the compromised X accounts had permissions to the same site or app. ZachXBT is warning the community that users should revoke all connections to sites or apps they no longer use.

In August, hackers used French football star Kylian Mbappe’s X account to promote a fake MBAPPE meme coin. Earlier this month, hackers took over the X accounts of former US president Donald Trump’s family members to promote a fake ‘World Liberty Financial’.

It was noteworthy that Trump announced his official crypto project on September 16.