Jupiter DEX’s Wild Ride: Hackers, Meme Coins, and a Whole Lot of Shenanigans!

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Well now, gather ’round, folks, for I have a tale that would make even the most stoic of souls chuckle. Jupiter, that sprightly little Solana-based decentralized exchange (or DEX, as the cool kids call it), found itself in a bit of a pickle when some rascally hackers decided to take a joyride on its X account. These miscreants were peddling scam meme coins like they were the latest snake oil! 🐍💰

On a fine Wednesday, Jupiter Mobile’s X account sent out a warning, akin to a town crier shouting about a runaway horse. They implored the good people not to click on any links or buy tokens that appeared on their main account. But lo and behold, in a twist worthy of a dime novel, Jupiter DEX announced they had wrested back control of their account from the clutches of these digital bandits.

Jupiter DEX Secures the Account Reporting No Major Losses

Siong Ong, the co-founder of Jupiter DEX, stepped up to the plate, acknowledging the breach with all the gravitas of a man who just lost his favorite hat. But fear not, dear readers! He assured us that their exchange programs were as safe as a cat in a sunbeam, thanks to a multisignature feature that requires more approvals than a politician’s budget proposal. The official handle of Jupiter DEX confirmed they had secured access to their account once more.

we’ve regained control of our account.

to be clear: no customer or treasury funds were ever in danger. all programs and funds are in held in secure multisigs. no other comms channels were affected.

and, thankfully, all of our team members are safe.

jupiter is fully…

— Jupiter (🐱, 🐐) (@JupiterExchange) February 6, 2025

Now, let’s talk about the now-deleted posts that were allegedly hawking a scam meme coin called MEOW. Yes, you heard that right—MEOW! Some users claimed this feline-themed fiasco reached a market cap of $30 million faster than a cat can knock a glass off a table, only to be deleted quicker than you can say “rug pull.” According to the wise folks at GeckoTerminal, this MEOW token, which had the lifespan of a mayfly, saw its market cap spike to over $8 million before crashing down faster than a lead balloon, landing at a mere $88,000. Talk about a cat-astrophe! 🐱💸

Crypto Hackers Are Shilling Meme Coins

In the midst of this meme coin mania, where retail investors are throwing their hard-earned cash around like confetti, crypto hackers have taken to shilling dubious meme coins, causing more chaos than a raccoon in a garbage can. This incident is reminiscent of a similar scam involving former Malaysian Prime Minister Mahathir Mohamad, whose X account was hijacked to promote a fraudulent token. It seems even politicians aren’t safe from the clutches of these digital rogues!

Yu Xian, the founder of SlowMist, revealed that Mahathir’s account was compromised to advertise a token with the ticker MALAYSIA. According to GeckoTerminal data, this token’s market cap surged to a peak of $3.4 million before plummeting faster than a politician’s approval rating, now resting at a paltry $153,000. Oh, the irony! 🍂

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2025-02-06 16:20