🚨 Crypto Chaos: Pump.fun Hacked! 🚨
So, you know how they say “if it seems too good to be true, it probably is”? 🤔 Well, that’s what happened to Pump.fun, a Solana-based token launchpad, when their X account got hacked on Wednesday. The hacker was like, “Hey, let’s promote some fake tokens and make some easy cash!” 💸
Apparently, the hacker claimed to launch a “official governance” token for the platform, along with some other shady tokens. And, of course, they included a fancy image from the platform’s recent mobile app launch video and a Solana contract address for the so-called PUMP token. 📸
Hacker Exploits Pump.fun X Account to Promote Fake Tokens
Now, here’s the thing: even though the community was all, “Uh, guys, this seems sketchy,” the price of the asset still went up in value. Like, briefly, it had a $5 million market cap. 😂 But, of course, it collapsed. Because, you know, it was a scam.
Pump.fun’s co-founder, Alon Cohen, was like, “Hey, guys, don’t interact with our compromised account!” 🚨 And then he later said that the team hadn’t regained access to the account, but they were working on it. Meanwhile, the hacker was still promoting more scam tokens to the account’s followers. 🤦♂️
@pumpdotfun account has just been compromised. Please don’t interact
— alon (@a1lon9) February 26, 2025
Cohen said that the team followed all the standard security procedures, so the breach might have come from within X itself. And, of course, ZachXBT, a well-known on-chain investigator, was like, “Yeah, this is probably social engineering.” 🤔
Increased Risk of Token Fraud in Crypto Space
So, this is just the latest in a series of incidents in the crypto-blockchain space. With all the memecoins and altcoins out there, it’s like a playground for scammers. 🎢 And with platforms like Pump.fun making it easy to launch tokens, it’s like an all-you-can-eat buffet for bad actors. 🍴
Last week, we had the LIBRA token scandal, and now this. It’s like, what’s next? 🤷♀️
And, fun fact: Pump.fun was also accused of collaborating with third parties to create tokens designed to intimidate clients and disrupt ongoing legal processes. 🤯
Read More
- Fauji director Hanu Raghavapudi shares BIG update on Prabhas starrer period war drama; ‘We have created…’
- Lucky Cast: Annette Bening Joins Anya Taylor-Joy Apple TV+ Show
- What Did RFK Jr. Say About Antidepressants?
- First Look At BioShock And Borderlands Veterans’ New Game Wartorn
- Fact Check: Is AR Rahman no longer a part of Ram Charan, Janhvi Kapoor’s upcoming movie RC16? Here’s the truth
- Who Is Randy Orton’s Wife? Kim’s Job & Relationship History
- Who Is Cameron Mathison’s Ex-Wife? Vanessa’s Job & Relationship History
- Who Is Noah Kahan Engaged to? Brenna Nolan’s Job & Relationship History
- Kingdom Come: Deliverance 2 Accolades Trailer Highlights Extensive Acclaim
- Clare Crawley Subtly Reacts to Matt James & Rachael Kirkconnell Split
2025-02-26 23:52