Scam Meme Coin Promoted on Major X Accounts, Investigation Warns

Blockchain Investigator Warns of Scam Meme Coin Promotion on Major X Accounts

Blockchain investigator ZachXBT has raised an alert about a scam meme coin being promoted through several major X accounts. The compromised accounts include those of Yahoo News UK, Lenovo India, Money Control, and People.

Accounts impersonating well-known personalities like Alexander Lacazette and Oliver Stone have also posted about this fraudulent meme coin on Solana. The scam token is named HACKED, as shown in the screenshots shared by ZachXBT.

Community Alert: A number of large accounts on X currently have their account compromised and are posting a meme coin scam.

ZachXBT reported that the scammers likely incurred losses with this scheme. “So far it seems like the scammers likely lost money purchasing this method as the top traders have barely made ~$1K and market cap is $67K,” he noted.

Details suggest that the compromised X accounts granted permissions to the same site or application. ZachXBT advises users to revoke any connections to sites or apps they no longer utilize to safeguard their accounts.

In recent months, similar incidents have occurred. In August, hackers used the X account of French football star Kylian Mbappe to promote a fake MBAPPE meme coin. Earlier this month, the X accounts of family members of former U.S. president Donald Trump were compromised to promote a fake ‘World Liberty Financial’ token.

Stay informed and protect your investments by regularly checking and revoking unnecessary permissions from your accounts.

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