- Hackers compromised Jupiter’s exchange main X account.
- Hackers promoted fake memecoin $MEOW on Jupiter’s X account.
Solana DEX aggregator Jupiter’s X account has been compromised to promote fake memecoin. Jupiter Mobile’s X account announced the official update.
On Thursday, the platform team announced that the hackers had compromised the main Jupiter exchange account. They warned the users not to click on any link.
In addition, the teams suggested users exercise caution and avoid purchasing any asset. They added that the team is working on restoring access.
The hackers promoted some fake meme coins through a series of posts, which they have now deleted. The attackers posted the ticker $MEOW on Jupiter’s X account. Just after this post, the token market cap surged to $20 million.
Moreover, after the coin reaches a certain level, hackers remove the liquidity pool, so that the selling of coins may stop. Furthermore, the hackers named the token after the pseudonymous co-founder of Jupiter, Meow.
After promoting the fake token $MEOW, hackers promoted another token with the ticker $DCOIN. In just a few minutes, traders lost millions because of this hack. Moreover, many users on X claim they lost their Solana token in this scam.
After this, the X platform was flooded with numerous posts. On this, a crypto investor named Lucidvein said,
“X needs to make an AI that detects suspicious behavior allowing for faster account resolutions.”
Investors should be cautious of this type of scams. Such scams are now increasing in the crypto industry. Recently, the same incident happened when actor Dean Norris X’s account was hacked to promote a fake $Dean token.
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