An X account hacking spree has fueled a profitable pump-and-dump scheme for the $HACKED Solana token, with individuals dashing to purchase the coin.
The hacked accounts embrace MoneyControl (1.4 million followers), Individuals Journal (7.8 million), and even EUinmyRegion (an account operated by the European Fee), with near 100K followers.
The hacking spree began at roughly 2:00 PM ET, with lots of of X accounts hacked to submit a tweet about pumping the $HACKED token.
The entire posts are equivalent, stating, “THIS IS HACKED ACCOUNT! INTRODUCING $HACKED ON SOLANA on each account we hack we publish the token address so we pump it and make profits together.”
Supply: BleepingComputer
The cyberattack is selling a cryptocurrency token named $HACKED on the Solana blockchain, and the advertising and marketing marketing campaign seems to be working.
When BleepingComputer first grew to become conscious of the hacks, the token had solely 42 token holders with a market cap of roughly $5,000. When this story was revealed, the token had 436 house owners, and the market cap had elevated to $166,175.57.
Nonetheless, the market is fluctuating wildly as individuals take earnings within the pump and dump.
It isn’t clear how the hackers compromised these X accounts, however it might have been by way of a compromised API key or third-party apps linked to the accounts.
BleepingComputer has contacted some affected accounts to be taught extra however has not obtained any replies.
It is a growing story….
