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Influential Crypto Figures Targeted in Wave of X Account Hacks Promoting Memecoins

27 May 2024
in Latest News, News
Reading Time: 3 mins read
104 4
Home News Latest News

Over the weekend, several influential figures and celebrities in the crypto industry had their X accounts hacked, leading to the promotion of various cryptocurrencies, such as Luna2, ORDI, and celebrity-themed memecoins.

One of the notable victims was Gigantic-Cassocked-Rebirth, or GCR, a well-known pseudonymous cryptocurrency investor. On May 26, GCR’s X account posted about ORDI and Luna2.0, causing a brief spike in both tokens by 6% and 274%, respectively. 

GCR, who is renowned for making profits from contrarian trades, confirmed that their X account was compromised after few hours after the post went live. 

GCR claimed that employees of the social media platform were “bribed” to grant admin access to his account. 

x.com

 

However, not everyone agreed with the crypto influencer. Crypto analyst Miles Deutscher commented,

“GCR hacker fumbled the bag hard. Bro could’ve picked ANY believable micro cap to pump 10-20x, yet chose to shill ORDI and LUNA2 for a measly 10% wick.” 

 

The GCR hack appears to be part of a broader wave of attacks targeting celebrity X accounts. Bitcoin developer and Ordinals commentator Udi Wertheimer warned the crypto community in a recent post, stating:

“GCR already told us today that there’s an operation going on hacking big Twitter accounts. As more niche celebs are popping up by the minute launching meme coins — on a long weekend when platform engineers are away — I recommend that you guys be very careful.”

Among the compromised accounts was that of American rapper Rich The Kid (Dimitri Leslie Roger). His X account posted a link to his 2.3 million followers to buy a new token called “RICH.”

This token was launched on Solana memecoin creator tool pump.fun, and it amassed a $90,000 market cap within the first two hours of its launch, according to DEX Screener data. 

No official statement has been made confirming whether Rich The Kid’s account was hacked, but the post was quickly deleted.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: Crypto HacksSolanaX
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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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