Pump.fun’s account hacked, fake tokens on the loose

-

Pump.fun’s social media account was hacked and promoting fake stuff to their followers on February 26.

Their official X account was compromised, and the hackers started pushing a fake governance token called surprise, surprise, PUMP. It’s the latest in a series of security breaches that have the crypto industry on edge.

The hack

The breach was quickly spotted by blockchain expert ZackXBT, who sounded the alarm to warn users away from any suspicious links shared by the hacked account.

It turns out this incident is linked to previous hacks, like the Jupiter DAO and DogWifCoin X account breaches.

These aren’t just random attacks, but it looks like they’re part of a larger pattern of targeted social engineering hacks aimed at big crypto players.

The scam

The hackers used the Pump.fun account to lure in users with promises of rewards for early adopters of the fake PUMP token.

It’s a classic scam tactic, but it can be devastating for unsuspecting investors. The Pump.fun team has since confirmed the breach and is working hard to regain control of their account.

They’ve also reassured users that they had nothing to do with the fake token promotion and warned everyone to steer clear of any related posts.

Hackers’ season?

This hack comes hot on the heels of the massive $1.4 billion Bybit hack, which was linked to North Korea’s Lazarus Group.

It’s the largest crypto hack in history and has raised serious concerns about the security of Web3 platforms and social media-integrated crypto marketing.

The crypto industry is facing a growing cybersecurity crisis, with social media hacks becoming increasingly common.

Have you read it yet? Bitcoin could crash to $70K?

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

SEC hits the snooze button on Truth Social Bitcoin ETF

The U.S. Securities and Exchange Commission just shoved back its verdict on the Truth Social spot Bitcoin and Ethereum ETF. This little regulatory cliffhanger, draped...

DBS, Franklin Templeton, Ripple unveil tokenized lending on the XRP Ledger (XRPL)

DBS, Franklin Templeton, and Ripple signed a memorandum of understanding to deliver tokenized trading and tokenized lending for institutional investors. The plan runs on the...

House eyes CBDC ban in Market Structure Bill for the U.S.

The U.S. House of Representatives is cooking up a clever sidestep to block the Federal Reserve from launching a central bank digital currency, a CBDC,...

ARK Invest’s Fresh Bullish Buy Pushes Stake to $129M

ARK Invest bought 161,183 Bullish (BLSH) shares on Tuesday for about $8.21M across ARKK and ARKW. The firm’s combined Bullish holdings across ARKK, ARKW, and ARKF...

Most Popular

Guest posts