Drake, the internationally famend rapper, not too long ago had his X (previously Twitter) account hacked to advertise a pretend meme coin.
The now-deleted fraudulent submit underscores the rising variety of scams focusing on high-profile accounts on the platform.
Drake’s Hacked Account Highlights Rising Crypto Scams on X
On December 14, blockchain investigator ZachXBT uncovered the breach, revealing that Drake’s X account was misused to promote a rip-off meme coin referred to as “Anita.”
The hackers falsely claimed that the coin was developed in partnership with Stake, a playing firm Drake has publicly collaborated with since 2022. The submit included a wise contract deal with and promotional materials, giving the rip-off an air of credibility.
Drake’s recognized curiosity in cryptocurrencies seemingly added weight to the deception. Nonetheless, the fraudulent content material has been eliminated, and the account tied to the meme coin has been suspended.
Market observers famous that the incident highlights the alarming rise in crypto scams on X. Over the previous month, a number of high-profile accounts belonging to organizations just like the Cardano Basis have been exploited. These incidents typically goal to create false legitimacy for fraudulent tokens or pretend airdrops.
Furthermore, blockchain safety agency Rip-off Sniffer identified that pretend crypto-related accounts on X have surged to over 300 each day, up from 160 in November. The agency famous that these scammers typically impersonate influencers to lure customers into fraudulent Telegram teams.
As soon as inside, victims are instructed to confirm their id utilizing a bot referred to as OfficialSafeguardBot. This bot makes use of social engineering ways to create urgency and trick customers into executing dangerous instructions.
In the course of the verification course of, the bot discreetly injects malicious code into the sufferer’s clipboard. If executed, this code installs malware designed to entry crypto wallets and steal delicate data. In keeping with Rip-off Sniffer, this malware, flagged by VirusTotal, has already led to quite a few confirmed thefts of personal keys.
This development displays a brand new and extra harmful section of crypto scams, combining phishing, malware deployment, and social engineering. Customers are urged to stay vigilant and keep away from partaking with suspicious crypto provides or accounts.
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