The post Wiz Khalifa’s hacked X account promotes fraudulent $WIZ memecoin appeared on BitcoinEthereumNews.com.

Hackers hijacked Wiz Khalifa’s X account to promote the $WIZ memecoin Celebrity-themed memecoins often lead to scams as hackers exploit high-profile accounts In a surprising twist, rapper Wiz Khalifa’s X account became the target of hackers promoting a memecoin called $WIZ through pump.fun. According to blockchain investigator ZachXBT, the hackers may be the same ones who previously took control of Truth Terminal founder’s X account. Wiz Khalifa’s account hacked During the brief period before the post was deleted, Khalifa’s hijacked account promoted the $WIZ token, creating significant buzz among followers. The hackers noted,   “The rapper is working with my team to drop $WIZ for all the crypto fans.”  This led to a brief surge in WIZ memecoin’s value, with the same peaking at a valuation of $3.4 million within its first 15 minutes. However, this high didn’t last. Within the following hour, the token’s market cap plummeted to under $28,000 as early investors rapidly sold off their holdings. At the time of writing, WIZ was trading at around $8,400, marking a steep 93.67% decline in the last 24 hours, according to DEX Screener. This rapid rise and fall highlighted a classic pump-and-dump pattern common with scam tokens. ZachXBT issues a word of caution As expected, blockchain investigator ZachXBT alerted the community via a Telegram channel, sharing a screenshot of a deleted post from Khalifa’s X account. Source: ZachXBT ZachXBT warned traders about the pump.fun memecoin WIZ, suspecting that a scammer compromised Khalifa’s account to promote fraudulent tokens. He said,  “Do not buy the Wiz Khalifa pump fun [token] it’s the same hacker who compromised Andy Ayrey (Truth Terminal creator) the other day.” While the hacker’s identity remains unknown, blockchain investigator ZachXBT believes the same individual breached Andy Ayrey’s account. ZachXBT believes that the recent hacking of Wiz Khalifa’s X account…

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Filed under: News - @ November 5, 2024 3:09 am