An X account hacking spree has fueled a profitable pump-and-dump scheme for the $HACKED Solana token, with folks 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 a whole bunch of X accounts hacked to publish a tweet about pumping the $HACKED token.
The entire posts are similar, stating, “THIS IS HACKED ACCOUNT! INTRODUCING $HACKED ON SOLANA on every account we hack we publish the token handle so we pump it and make income collectively.”
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 turned conscious of the hacks, the token had solely 42 token holders with a market cap of roughly $5,000. When this story was printed, the token had 436 homeowners, and the market cap had elevated to $166,175.57.
Nonetheless, the market is fluctuating wildly as folks take income within the pump and dump.
It is not clear how the hackers compromised these X accounts, however it might have been by a compromised API key or third-party apps linked to the accounts.
BleepingComputer has contacted some affected accounts to study extra however has not obtained any replies.
It is a growing story….
