Jupiter recovers official X account after scammers promote MEOW
The post Jupiter recovers official X account after scammers promote MEOW appeared on BitcoinEthereumNews.com.
Solana-based dex aggregator Jupiter has recovered its X account after it was hijacked by cryptocurrency scammers who promoted a fraudulent meme coin. According to a Feb. 6 X post, reassured users that no funds were ever at risk. They confirmed that all customer and treasury assets remain secure in multisig wallets. The attack was limited to Jupiter’s X account, with no other communication channels affected. The hack transpired during the late hours of Feb. 5, with several community members sounding the alarm about suspicious activity. In a new deleted post, Jupiter Mobile’s X account quickly warned users not to click any links or purchase tokens promoted by the compromised main account. Scammers used the opportunity to promote a meme coin theme around Jupiter’s cat mascot with the ticker MEOW, which allegedly surged to a $30 million market cap within seconds before the token’s developer sold their holdings, quickly wiping out all gains. All promotional posts have now been deleted. JUPITER ACCOUNT HACKED AND CREATE A FAKE $MEOW TOKEN Hacker rugged it in when he reached the $30M mcap, it was a pretty clever hack to be honest@weremeow pic.twitter.com/vXxZR8xcy4 — astronomica (@0xastronomica) February 6, 2025 Beanie, the pseudonymous founder of crypto venture capital firm GM Capital, criticized the irony of trusting protocols with billions in liquidity while they fail to secure their social media accounts, calling it a recurring paradox in the industry. “Traders lost millions instantly on this Jupiter account hack. Literally in a matter of minutes,” he estimated. The community wasn’t too happy about the whole situation, calling out Jupiter for not securing its account properly. Some were also frustrated that, even though Jupiter assured funds were safe, the losses from the scam couldn’t be recovered. So we lost money cause you can’t secure your account ? — RΞTRICKK.SOL…
Filed under: News - @ February 6, 2025 10:27 am