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Scrape Timestamp (UTC): 2024-09-18 19:09:52.000
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X hacking spree fuels "$HACKED" crypto token pump-and-dump. An X account hacking spree has fueled a successful pump-and-dump scheme for the $HACKED Solana token, with people rushing to buy the coin. The hacked accounts include MoneyControl (1.4 million followers), People Magazine (7.8 million), and even EUinmyRegion (an account operated by the European Commission), with close to 100K followers. The hacking spree started at approximately 2:00 PM ET, with hundreds of X accounts hacked to post a tweet about pumping the $HACKED token. All of the posts are identical, stating, "THIS IS HACKED ACCOUNT! INTRODUCING $HACKED ON SOLANA on each account we hack we publish the token address so we pump it and make profits together." The cyberattack is promoting a cryptocurrency token named $HACKED on the Solana blockchain, and the marketing campaign appears to be working. When BleepingComputer first became aware of the hacks, the token had only 42 token holders with a market cap of approximately $5,000. When this story was published, the token had 436 owners, and the market cap had increased to $166,175.57. However, the market is fluctuating wildly as people take profits in the pump and dump. It's not clear how the hackers compromised these X accounts, but it may have been through a compromised API key or third-party apps linked to the accounts. BleepingComputer has contacted some affected accounts to learn more but has not received any replies. This is a developing story....
Daily Brief Summary
The recent hacking of multiple Twitter accounts was part of a pump-and-dump scheme involving the $HACKED cryptocurrency token on the Solana blockchain.
High-profile Twitter accounts, including MoneyControl, People Magazine, and EUinmyRegion, were compromised, collectively influencing over 9 million followers.
The cyberattack initiated around 2:00 PM ET, with hacked accounts posting identical messages promoting the $HACKED token to inflate its value artificially.
Initially, the $HACKED token had only 42 holders and a market cap of about $5,000. Following the hacking incident, the number of token holders rose to 436, and the market cap surged to $166,175.57.
The exact method of account compromise remains unclear, though speculations suggest a breached API key or third-party app vulnerabilities could be responsible.
The incident has led to market volatility, with rapid fluctuations in the token’s value as traders exploited the artificially inflated prices for profits.
BleepingComputer reached out to affected accounts for comments but has yet to receive any responses. The investigation into the hacking continues as this story develops.