Multiple X Accounts Hacked As Fake Posts Promote Meme Coins

Over the weekend, a series of hacks affected several X accounts owned by crypto influencers and celebrities, leading to the promotion of various coins and resulting in temporary price increases.

One of the main targets was GCR, whose account was breached on May 26th. Following the breach, the hacker posted promotional content for ORDI and Luna2.0, causing brief price surges of 6% and 274% for the tokens. Observers remarked that instead of promoting a lesser-known microcap coin for potentially higher gains, the hacker opted for ORDI, which already boasts a market cap of $856 million.

Not Isolated

Udi Wertheimer, a Bitcoin developer and supporter of Ordinals, cautioned that the GCR incident might not be an isolated occurrence. It seems to be part of a wider campaign targeting celebrity X accounts, including mumble rapper Rich the Kid and media personality Caitlyn Jenner.

For Rich the Kid, a new token named $RICH appeared on the Solana meme coin creation platform pump.fun. Despite no official confirmation by Rich the Kid or their management team, the post has been removed. The current market cap for this coin remains stagnant at $144K, according to data by dexscreener.

Conspiracy Looms

Concerning the Jenner account, a meme coin dubbed $JENNER was also advertised, raising the market capitalization of the coin to $25 million, based on aggregated data by Raydium and GeckoTerminal.

Despite several videos by Jenner reassuring followers of the authentic posts, many industry experts suspect the account has been compromised. Intriguingly, the crypto wallet address shared by Jenner matches the one used by adult content creator Kazumi, whose account was hacked on May 20th to promote the ZUMI coin.

As of this writing, no information about the identity of the threat actor has been disclosed, and no particular entity has claimed responsibility for the hacks. Whether these incidents are connected or the work of a single hacker or group remains undetermined.