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“Most incompetent hacker of the year” steals $8k in a Solana memecoin scam

“Most incompetent hacker of the year” steals $8k in a Solana memecoin scam

CryptopolitanCryptopolitan2024/09/17 16:00
By:By Shummas Humayun

Share link:In this post: Many large accounts on X got compromised recently. The compromised accounts were used to promote a scam memecoin on Solana. The attacker barely made a profit of over $8k.

In a new X post, on-chain sleuth ZachXBT revealed that several large accounts on X have been compromised and promoting a Solana memecoin scam with the ticker $HACKED.

On further glance, it looks like the regular traders haven’t lost a significant sum of money yet. Apparently, the top traders on the scam coin only made a profit of $8k, which likely means that the attackers themselves lost money and resources using this method. Soon after the scam went live, the attackers removed the token’s liquidity and rugged it back to zero. 

“Most incompetent hacker of the year” steals $8k in a Solana memecoin scam image 0

At press time, the coin’s market cap stands are merely $3,800 with only $28 left in the liquidity pool.

“Most incompetent hacker of the year” steals $8k in a Solana memecoin scam image 1

On a lighter note following the incident, ZachXBT called the attacker a “strong contender for most incompetent hacker of the year” and mentioned that the attacker probably spent 5-6 figures to make this method work.

As a safety precaution, ZachXBT reminded users to always disconnect apps from Twitter that aren’t in use. This can be done from Settings -> Security and account access -> Apps and Sessions.

See also BNB Chain partners with major CEX, wallets, and bridges to offer gas-free transfers
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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