Dogwifhat X Account Hijacked to Promote Solana-Based Meme Coins
- Linda HamiltonOriginal
- 2024-11-15 19:10:26450browse
The X account of dog-themed meme coin Dogwifhat was hijacked on Nov. 14 to promote several Solana-based tokens on the platform.
Crypto scammers have hijacked the X account of dog-themed meme coin Dogwifcoin (WIF) to promote several Solana (SOL)-related tokens on the platform.
The latest incident was flagged by several community members after several posts appeared on Dogwifcoin’s X account, promoting three meme coins: popwifnut (POPWNUT), muu (MUU), and DogWifDoge (WIFD).
However, the posts and the profile description were quickly deleted, and web3 security firm Harpie confirmed the hack, urging X users to avoid engaging with the fraudulent posts.
The attackers initially posted about MUU, a meme coin that was created less than a month ago, sharing its contract addresses and urging Dogwifcoin’s over 115,000 followers to buy the meme coin.
According to Dexscreener data, the token, which had been trading sideways for several days, reached a new all-time high shortly after the posts. However, the rise was short-lived as the price crashed when bad actors liquidated their holdings.
Both WIFD and POPWNUT, which were created less than 24 hours ago, shared a similar fate with massive price surges followed by a crash. At press time, both meme coins were down over 83% in the past six hours, with market caps of $12,000 and $37,000 respectively.
Meanwhile, Dogwifhat developers had regained access to the account and reverted it to its original state, removing all traces of the scammers’ activity at the time of writing.
Despite the incident, WIF’s price remained relatively stable, experiencing only a minor correction of just over 17% in the past 24 hours. The decline, along with that of several other meme coins, was primarily driven by BTC’s 2.4% drop.
The development comes just days after WIF was listed on the prominent crypto exchange Coinbase, an event that pushed the token past the $4 mark for the first time since April and helped it post gains of over 50% in the last 7 days.
This incident highlights a recurring trend of scammers infiltrating X accounts of prominent crypto projects to deceive cryptocurrency investors.
On September 19, the X account of the virtual reality-focused project Decentraland was hacked to promote a fake airdrop that was originally a phishing campaign designed to drain victims’ funds via approval phishing.
At the same time, blockchain investigator ZachXBT also warned that several major X accounts, including Yahoo News UK, Lenovo India, Money Control, and People, had been compromised to promote similar schemes.
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