As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies and cybersecurity, I find myself constantly amazed at the ingenuity and audacity of these scammers. The recent Solana meme coin pump and dump scheme targeting various global accounts is yet another example of their relentless pursuit to exploit vulnerabilities for personal gain.
Several worldwide figures and organizations had their accounts compromised by crypto scammers attempting to execute a scheme involving a Solana meme coin. It is said that the hackers used the accounts of Yahoo News UK, Lenovo India, and numerous others to promote the meme coin called HACKED.
Solana Meme Coin Scam Targets X Accounts
This year, meme coins have received significant focus as the market has experienced a robust surge. Here’s a rundown of the Top 9 Meme coins on the Solana network projected for 2024.
Investigative cryptocurrency expert ZachXBT disclosed that compromised X accounts of certain organizations have been advertising a new scheme involving a meme coin, which they named HACKED. According to images ZachXBT posted, these accounts were pushing this meme coin with the intention of inflating its value and reaping profits.
This account has been compromised! Presenting $SHACKLED on Solana. For every hacked account, we share the token’s address to inflate its value and earn collectively.
In addition, the hacker successfully gained entry into various accounts belonging to international organizations like the World Health Organization (WHO) and the European Union based in Brussels.
Scammer Loses Money in Recent Hack
According to ZackXBT’s report, it appears that the majority of scammers have actually ended up losing money in this particular process. The top traders managing to earn roughly $1,000 are few and far between, given that the market cap for the meme coin HACKED on Solana stands at a modest $67,000. ZackXBT further suggests that it’s likely these compromised accounts had granted access to the same application or platform.
Due to this, ZachXBT recommended that users should frequently review their app permissions for any unusual access. He suggested, “Always navigate to your settings and revoke the connected apps you no longer use,” and offered a guide: “Go to Settings, then Security and account access, followed by Apps and Sessions or Connected apps.
ZachXBT pointed out that the swindlers were able to drain funds from the account through just an $8,000 transaction. Moreover, there’s been a resurgence of cryptocurrency thefts in 2021.
Recently, due to a hack on their platform, Ethena Labs – who manage the decentralized synthetic dollar protocol – have temporarily taken down their website for security reasons.
In similar fashion, the DeltaPrime Decentralized Finance (DeFi) platform suffered a loss of approximately $6 million due to a security incident that occurred on the Arbitrum Network within the past few days.
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2024-09-19 12:31