Creditcoin (ctc) 
**Celebrity Crypto Scams on the Rise: Drake’s Hacked X Account Promotes Meme Coin Anita**
Drake’s X Account Hacked to Promote Meme Coin Anita
On December 15, Canadian hip-hop mogul Drake’s X account was compromised by malicious actors, who used it to promote a meme coin called Anita. The newly minted token quickly rose to $4.9 million in trading volume, primarily due to the rapper’s massive following of 39 million users. The scam claimed that Anita was created in conjunction with betting platform Stake, a brand associated with Drake.
How the Scam Worked
The scammers took advantage of Drake’s upcoming tour, called the Anita Max Wynn tour, to create a false narrative that the token was connected to the event. This led to a surge in trading volume, with over 7,000 buy orders placed within hours of the token’s launch.
Red Flags and Analysis
Crypto experts, including Zachxbt, quickly analyzed the situation and concluded that Anita was a scam. The token’s rapid surge in trading volume, combined with the lack of transparency and credible information, raised suspicions among the crypto community.
Celebrity Crypto Scams: A Growing Concern
Unfortunately, Drake’s experience is not unique. Several other celebrities, including Cardi B and Doja Cat, have fallen victim to similar hacks in December 2024. The crypto community has also called out Halley Welch, a Tik Tok star and podcaster, for promoting a token called HAWK, which reached $480 million in market cap before crashing and leaving investors with significant losses.
“Celebrity endorsements can be a powerful tool for scammers, as they often have a large and trusting following.”
Tips for avoiding celebrity crypto scams:
- Be cautious of unsolicited investment opportunities, especially those promoted by celebrities.
- Research the token or investment thoroughly, looking for credible information and transparency.
- Never invest more than you can afford to lose.
- Stay informed about the latest crypto scams and trends.
Stay up-to-date with the latest news and trends in the crypto world by visiting Global Crypto News.
