The post Drake X Account Hacked to Promote Scam Meme Coin appeared on BitcoinEthereumNews.com.

Drake, the internationally renowned rapper, recently had his X (formerly Twitter) account hacked to promote a fake meme coin. The now-deleted fraudulent post underscores the growing number of scams targeting 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 advertise a scam meme coin called “Anita.” The hackers falsely claimed that the coin was developed in partnership with Stake, a gambling company Drake has publicly collaborated with since 2022. The post included a smart contract address and promotional material, giving the scam an air of credibility. Drake’s known interest in cryptocurrencies likely added weight to the deception. However, the fraudulent content has been removed, and the account tied to the meme coin has been suspended. Market observers noted that the incident highlights the alarming rise in crypto scams on X. Over the past month, several high-profile accounts belonging to organizations like the Cardano Foundation have been exploited. These incidents often aim to create false legitimacy for fraudulent tokens or fake airdrops. Moreover, blockchain security firm Scam Sniffer pointed out that fake crypto-related accounts on X have surged to over 300 daily, up from 160 in November. The firm noted that these scammers often impersonate influencers to lure users into fraudulent Telegram groups. Fake X Accounts. Source: Scam Sniffer Once inside, victims are instructed to verify their identity using a bot known as OfficialSafeguardBot. This bot uses social engineering tactics to create urgency and trick users into executing harmful commands. During the verification process, the bot discreetly injects malicious code into the victim’s clipboard. If executed, this code installs malware designed to access crypto wallets and steal sensitive information. According to Scam Sniffer, this malware, flagged by VirusTotal, has…

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Filed under: News - @ December 15, 2024 10:21 pm