Pseudonymous crypto trader GCR disclosed that his X account was compromised through a bribe, leading to an ORDI pump-and-dump scheme.

On May 26, the account of GCR (Gigantic Rebirth) was hacked, with attackers allegedly using a bribe to promote two tokens on crypto exchanges.

Appears someone was bribed at X. Was notified 2 months ago by someone affiliated with Twitter that bribes were made to get access to my account, and beefed up security then. But there can’t be any security if X employees take money for admin access…

GCR, a notable figure in the cryptocurrency community, informed his followers about the breach via an X post on another account. The bad actors took control of his original account and used it to promote ORDI, a BRC-20 token linked with the Ordinals protocol on the Bitcoin blockchain, and LUNA2, a token aiming to rescue the Terra Luna ecosystem following the UST stablecoin collapse in May 2022.

ORDI Pump-and-Dump Scheme

Shortly after the hacked account posted about ORDI, the token’s price on Bybit surged from $38 to $46 before plummeting back to $40 within minutes. This rapid fluctuation indicates a classic pump-and-dump scheme, where prices are artificially inflated and then quickly sold off.

Investigation and Tracking

Blockchain investigator ZachXBT noted on his X account that the hacker’s identity might be revealed within 12-24 hours. He mentioned that the hacker “messed up and washed their funds poorly,” making it feasible to trace them through centralized exchanges. Multiple reports suggest that the hacker allegedly opened large positions on various centralized exchanges prior to GCR’s account hack, potentially exposing their identity.

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