Crypto Chaos: You Won’t Believe What Happened to Pump.Fun! 😂💸

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So, picture this: the Solana-based memecoin Launchpad Pump.fun’s X account gets hacked. Yes, hacked! And what do the hackers do? They decide to promote fake cryptocurrencies, including an “official” PUMP governance token. Because, you know, why not add a sprinkle of chaos to the crypto world? 🎉

Hackers Gone Wild: PUMP Memecoin Madness!

On a totally normal Wednesday, Pump.fun’s official X account was compromised. The hackers went on a posting spree, sharing various contract addresses for memecoins before they realized, “Oops, we should probably delete that.” Classic move, right? 🙄

They even had the audacity to call it the “official Pump.fun governance token,” claiming that “democracy has never been this degen.” I mean, who doesn’t want to be an “OG DEGEN”? Sounds like a fun club, doesn’t it? 🥳

But hold your horses! The crypto community quickly sniffed out the scam and started waving red flags like they were at a bullfight. 🐂🚩

Blockchain data firm Bubblemaps jumped in, warning users that PUMP was “heavily bundled and will dump.” Because, of course, 60% of the token’s supply was held in just two clusters. Sounds like a recipe for disaster, doesn’t it? 🍽️💥

Meanwhile, Pump.fun’s founder, Alon Cohen, confirmed the hack and asked everyone to just chill and not click on anything until they sorted it out. Wise words, Alon. 🙏

According to our favorite on-chain investigator, Dethective (yes, that’s a real name), the hackers made off with around $600,000 in mere minutes. Their strategy? Post the contract address of a scam token and then poof! Delete it after rugging investors. It’s like a magic trick, but with money! 🎩💰

And if that wasn’t enough, they also promoted other gems like OG, Extract Protocol (EXAI), and Pump.fun Hacked (HACKED), raking in about $90,000 from these beauties. Some investors, bless their hearts, kept buying the tokens even after getting rugged multiple times. Talk about a love for punishment! 😅

In a moment of sheer brilliance, the hackers even asked the crypto community if they should create a “legit token on Pump.fun” called “Hackeddotfun.” Because nothing says “trust me” like a name that sounds like a typo! They “promised” to pump it to a market cap of $100 million. Sure, buddy, and I’ll sell you the Brooklyn Bridge while I’m at it! 🌉

Is Pump.Fun Linked to Jupiter’s X Compromise? 🤔

Our favorite on-chain detective, ZachXBT, revealed that the Pump.fun hack is “directly connected on-chain” to the Jupiter DAO and DogWifcoin compromises. It’s like a soap opera, but with more scams and fewer dramatic pauses. 🎭

Zach suggested that the attacks are “likely not the fault of either the Pump.fun or Jupiter teams.” Instead, he suspects some sneaky threat actor is “social engineering employees at X with fraudulent documents/emails.” Sounds like a plot twist worthy of a Netflix series! 📺

Wu blockchain shared some data revealing that only one Pump.fun memecoin had a market value above $1 million yesterday. Just one! The rest? They hit the million barrier and then plummeted faster than my motivation on a Monday morning. 📉

After the TRUMP and MELANIA memecoins and the recent Libra token drama, investors are just exhausted. Some community members even called the hack “the nail on the meme coin coffin.” Ouch! That’s gotta hurt! 😬

As of now, Pump.fun’s team has regained access to their account and is monitoring the situation. They’re still scratching their heads over how this all happened, but hey, at least they’re not pointing fingers. Yet. 🤷‍♀️

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2025-02-27 14:11