Share this article
Over the weekend, a series of hacks compromised several X accounts from crypto influencers and celebrities to promote a number of coins, resulting in short-lived price surges.
One of the most prominent targets was GCR, whose account was compromised on May 26. After the initial intrusion, the hacker was able to post promotional content on ORDI and Luna2.0, causing momentary price increases of 6% and 274% for the tokens. Observers noted that the hacker could have chosen to promote a microcap coin for more significant gains, rather than the relatively established ORDI, which already has a market cap of $856 million.
Udi Wertheimer, a Bitcoin dev and Ordinals supporter, warned that the incident with GCR may not be an isolated case. It appears that this was part of a broader operation targeting celebrity X accounts, such as mumble rapper Rich the Kid and media personality Caitlyn Jenner.
For the former, a new token called $RICH on the Solana meme coin creation platform pump.fun. No official confirmation from Rich the Kid’s management team has been posted, although the post has already been deleted. Current market cap for this coin has stagnated at $144K, data from dexscreener indicates.
As for Jenner’s account, a meme coin named $JENNER was also promoted, moving the coin’s market capitalization to $25 million, according to aggregated data from Raydium and GeckoTerminal.
Despite videos of Jenner assuring followers that the posts are genuine, many industry experts believe the account has been compromised. Interestingly, the crypto wallet address posted by Jenner matches the one used by adult content creator Kazumi, whose account was hacked on May 20 to promote the “ZUMI” coin.
No data regarding the threat actor’s identity has been disclosed at the time of writing, while no particular entity has claimed responsibility for the hacks, and whether these are connected or related to a singular hacker or group has not been established.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source link
