The Solana memecoin launchpad Pump.fun saw its X account hacked Wednesday morning to promote numerous fraudulent tokens.
The hacker initially touted a fake governance token along with a coin address to purportedly reward Pump.fun's "OG Degens." The bad actor then promoted fraudulent memecoins about the compromise itself with the tokens "hackeddotfun" and "HACKED," according to X posts.
Pump.fun's X account hack is "directly connected onchain" to the X account compromises of Jupiter DAO earlier this month, which also promoted a fake memecoin, and DogWifCoin in November 2024, crypto sleuth ZachXBT stated on the messaging platform Telegram.
Compromised X accounts marketing illicit cryptocurrency projects appear to be on the rise this year. On Jan. 22, the stock exchange Nasdaq saw its X account hacked to promote a fake memecoin, which rose to a market capitalization of $80 million before tumbling. And a hacker promoted a Barron Trump-focused fake memecoin after gaining illicit access to the X account of World Liberty Financial Co-Founder Zach Witkoff on Feb. 12, The Block previously reported.
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