As a researcher, I find it alarming how cybercriminals continue to target high-profile individuals like Sydney Sweeney and use their social media accounts to promote fake Solana-based meme coins. The incident involving SWEENEY is particularly concerning because of the massive trading volume it generated in a short period, only to suffer significant losses shortly after.
The Solana blockchain remains a favored choice for cybercriminals, as demonstrated by the recent hacking incident involving Sydney Sweeney, an up-and-coming Hollywood actor and actress. Her X account (previously Twitter) was taken over to publicize a fraudulent Solana meme coin named “SWEENEY.”
Sweeney’s fame and power were exploited to deceive unsuspecting fans into buying into the sham meme coin by sharing enticing messages about rewards and exclusive benefits for initial investors.
Fake Solana-Based Meme Coin SWEENEY’s Entry Into The Crypto Market
On Tuesday, Sydney Sweeney became the latest celebrity target of social media hackers. Her X account was taken over to publicize a false meme coin based on the Solana platform. Previously, figures such as 50 Cent and Hulk Hagan have suffered similar attacks, with the primary goal being the promotion of dubious cryptocurrency tokens.
After infiltrating Sweeney’s account, the unauthorized users disseminated deceptive content and calls-to-action to her large social media audience, capitalizing on her prominence. One of the messages read, “Going live on Spaces shortly, keep an eye out for what SWEENEY can accomplish.”
As an analyst, I would rephrase it as follows: The instructions given in what appeared to be genuine comments from Sweeney’s account led her followers to a website peddling a counterfeit Solana meme coin. Her team’s swift response in regaining control of her account and eliminating the false posts fueled speculation that her account had been hacked.
Based on TOBTC’s trading data, the meme coin experienced significant trading interest upon its market entry, generating over $10 million in trades within just two hours. Nevertheless, following the removal of certain posts, SWEENEY underwent a dramatic price drop approximating 90%.
As a researcher studying cybersecurity incidents, I’d like to point out that this is not the first instance of unauthorized access to Sweeney’s X account by hackers. Previously, in January, her account was compromised and utilized to disseminate information about a distinct Solana meme currency, accompanied by an explicit sexual image.
More Hollywood Actors Breach Ahead?
Sydney Sweeney is the second high-profile Hollywood figure to experience a hacking incident within the past two months. Previously, in April, Tom Holland, famously recognized for his role as Spider-Man, suffered a similar breach on his X account.
It is alleged that these unscrupulous individuals declared a partnership between the Spider-Man character and the Binance exchange, claiming to have taken over the account with a large following, to create “Spiderverse.”
As an analyst, I’ve noticed a concerning trend: scammers are exploiting popular social media accounts to peddle cryptocurrency schemes. This alarming incident underscores the importance of exercising vigilance when engaging with digital assets. It’s essential to verify the authenticity of investment opportunities, especially those endorsed by celebrities, before taking any action.
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2024-07-03 20:42