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GOVT HACKER EXPOSED: 40 MILLION VANISHES!
ZachXBT just dropped a bombshell. John Daghita, aka Lick, allegedly siphoned over 40 million USD from a US government-seized address. The largest single heist? A staggering 24.9 million USD. This exploit happened around 2024. His father's company, CMDSS Corporation, has a government IT contract managing seized crypto. The company's online presence has vanished today. Daghita's identity was revealed after a boasting match with another hacker. His wallet is linked to over 90 million USD in stolen funds, targeting victims beyond the US government. This is a massive security breach.
Disclaimer: Not financial advice.
#crypto #hack #blockchain #security 🚨
ZachXBT just dropped a bombshell. John Daghita, aka Lick, allegedly siphoned over 40 million USD from a US government-seized address. The largest single heist? A staggering 24.9 million USD. This exploit happened around 2024. His father's company, CMDSS Corporation, has a government IT contract managing seized crypto. The company's online presence has vanished today. Daghita's identity was revealed after a boasting match with another hacker. His wallet is linked to over 90 million USD in stolen funds, targeting victims beyond the US government. This is a massive security breach.
Disclaimer: Not financial advice.
#crypto #hack #blockchain #security 🚨
SCROLL CO-FOUNDER HACKED $100M AT STAKE
Entry: 10000 🟩
Target 1: 12000 🎯
Target 2: 15000 🎯
Stop Loss: 9000 🛑
Kenneth Shen's X account is compromised. A hacker is impersonating officials. They're sending phishing scams via DM. This is not a drill. Protect your assets NOW. Ignore all suspicious messages. Verify everything directly. The risk is extreme. Act with extreme caution.
Disclaimer: This is not financial advice.
#crypto #scam #hack #security #alert 🚨
Entry: 10000 🟩
Target 1: 12000 🎯
Target 2: 15000 🎯
Stop Loss: 9000 🛑
Kenneth Shen's X account is compromised. A hacker is impersonating officials. They're sending phishing scams via DM. This is not a drill. Protect your assets NOW. Ignore all suspicious messages. Verify everything directly. The risk is extreme. Act with extreme caution.
Disclaimer: This is not financial advice.
#crypto #scam #hack #security #alert 🚨
#ScrollCoFounderXAccountHacked
Bigger Lesson for Web3 Founders
🔐 #ScrollCoFounderXAccountHacked
This incident is another wake-up call for Web3 founders and teams. As public-facing figures, their accounts carry massive influence and are prime targets for hackers. A single compromised post can lead to financial losses for followers and reputational damage for projects. Best practices like hardware-based 2FA, limited access permissions, and rapid response protocols are no longer optional. For users, the key takeaway is simple: never trust announcements blindly—even from well-known founders—without cross-checking official project channels
#Hack #HackerAlert #Hacked
Bigger Lesson for Web3 Founders
🔐 #ScrollCoFounderXAccountHacked
This incident is another wake-up call for Web3 founders and teams. As public-facing figures, their accounts carry massive influence and are prime targets for hackers. A single compromised post can lead to financial losses for followers and reputational damage for projects. Best practices like hardware-based 2FA, limited access permissions, and rapid response protocols are no longer optional. For users, the key takeaway is simple: never trust announcements blindly—even from well-known founders—without cross-checking official project channels
#Hack #HackerAlert #Hacked
#ScrollCoFounderXAccountHacked
Impact on Scroll & Market Sentiment
⚠️ #ScrollCoFounderXAccountHacked
Account hacks involving founders often trigger short-term fear and uncertainty in the market. While there is no indication of protocol-level issues with Scroll, misinformation from compromised accounts can influence sentiment and price action. Investors should clearly separate social media incidents from project fundamentals. Scroll’s technology, roadmap, and on-chain security remain the real factors to watch. This situation underlines why traders must rely on multiple official sources before reacting to breaking news, especially during volatile market conditions
#HackerAlert #Hack #Hacked
Impact on Scroll & Market Sentiment
⚠️ #ScrollCoFounderXAccountHacked
Account hacks involving founders often trigger short-term fear and uncertainty in the market. While there is no indication of protocol-level issues with Scroll, misinformation from compromised accounts can influence sentiment and price action. Investors should clearly separate social media incidents from project fundamentals. Scroll’s technology, roadmap, and on-chain security remain the real factors to watch. This situation underlines why traders must rely on multiple official sources before reacting to breaking news, especially during volatile market conditions
#HackerAlert #Hack #Hacked
#southkoreaseizedbtcloss 🚨 UNBELIEVABLE FAIL IN CRYPTO SECURITY 🚨
Even governments aren’t safe anymore…🙏💥😫
🇰🇷 South Korea’s prosecutors just lost nearly $48 MILLION worth of seized Bitcoin 😱
Yes — that Bitcoin ($BTC
)was confiscated from criminals… and then vanished during a routine security check 😓
southkoreaseizedbtcloss
🔍 Here’s what went down:
👉 The Gwangju District Prosecutors’ Office was inspecting seized BTC when an official accidentally clicked a phishing/scam site while accessing credentials on a USB drive.
👉 Result? Around 70 billion KRW (~$47.7 - $48M) in Bitcoin was stolen — gone.
👉 Prosecutors confirmed the loss but won’t disclose the exact amount or coin count as the investigation continues.
💥 This isn’t just another crypto hack —
It’s a slap in the face to custody practices worldwide.
If LAW ENFORCEMENT can lose Bitcoin this way, what chance do ordinary hodlers have? 😬
📉 Meanwhile:
• Crypto phishing losses globally dropped >80% in 2025 (to ~$83.8M) — but smart scammers still win.
• Chainalysis reports total crypto fraud & scam losses hit ~$17B in 2025 — with AI-powered attacks up 4.5x.
🔥 Even government custody isn’t immune.
Secure your private keys. Use hardware wallets + multisig + offline cold storage.
Because if a prosecutor’s office can get phished… no one is safe. 💀
#Bitcoin BTC #hack #security #SouthKorea #cryptoloss blockchain
Even governments aren’t safe anymore…🙏💥😫
🇰🇷 South Korea’s prosecutors just lost nearly $48 MILLION worth of seized Bitcoin 😱
Yes — that Bitcoin ($BTC
)was confiscated from criminals… and then vanished during a routine security check 😓
southkoreaseizedbtcloss
🔍 Here’s what went down:
👉 The Gwangju District Prosecutors’ Office was inspecting seized BTC when an official accidentally clicked a phishing/scam site while accessing credentials on a USB drive.
👉 Result? Around 70 billion KRW (~$47.7 - $48M) in Bitcoin was stolen — gone.
👉 Prosecutors confirmed the loss but won’t disclose the exact amount or coin count as the investigation continues.
💥 This isn’t just another crypto hack —
It’s a slap in the face to custody practices worldwide.
If LAW ENFORCEMENT can lose Bitcoin this way, what chance do ordinary hodlers have? 😬
📉 Meanwhile:
• Crypto phishing losses globally dropped >80% in 2025 (to ~$83.8M) — but smart scammers still win.
• Chainalysis reports total crypto fraud & scam losses hit ~$17B in 2025 — with AI-powered attacks up 4.5x.
🔥 Even government custody isn’t immune.
Secure your private keys. Use hardware wallets + multisig + offline cold storage.
Because if a prosecutor’s office can get phished… no one is safe. 💀
#Bitcoin BTC #hack #security #SouthKorea #cryptoloss blockchain
$90 MILLION HACKER EXPOSED. GOVERNMENT FUNDS LINKED.
Entry: 0.65 🟩
Target 1: 0.72 🎯
Target 2: 0.80 🎯
Stop Loss: 0.60 🛑
This hacker thought he could flex. He was wrong. ZachXBT just pulled back the curtain on a $90 million wallet. Funds traced back to seized government assets. On-chain never lies. Dirty money is always exposed. Don't be the next one caught showing off. Blockchain is unforgiving.
Disclaimer: For informational purposes only. Not investment advice.
#crypto #blockchain #hack #ZachXBT 🚨
Entry: 0.65 🟩
Target 1: 0.72 🎯
Target 2: 0.80 🎯
Stop Loss: 0.60 🛑
This hacker thought he could flex. He was wrong. ZachXBT just pulled back the curtain on a $90 million wallet. Funds traced back to seized government assets. On-chain never lies. Dirty money is always exposed. Don't be the next one caught showing off. Blockchain is unforgiving.
Disclaimer: For informational purposes only. Not investment advice.
#crypto #blockchain #hack #ZachXBT 🚨
$ETH SHOCKER: $4.1M VANISHES IN DEFI EXPLOIT
Entry: 1299 ETH 🟩
Target 1: 4.1M USD 🎯
Stop Loss: 0 ETH 🛑
Makina Finance just got hammered. Hackers manipulated DUSD-USDC liquidity. They stole 1299 ETH, worth $4.1M. A MEV builder frontran the attack. This complicates recovery for the revenue management protocol. PeckShield detected the exploit at 03:40:35 UTC. The attacker split the stolen ETH into two wallets. They converted it to ETH. These wallets now hold the assets. The attacker used a $280M flash loan. They manipulated the MachineShareOracle. This oracle sets the price for Dialectic USD and Dialectic USDC. They artificially inflated the pool price. Then they traded $110M USDC. They drained 1299 ETH. Then repaid the flash loan. PeckShield confirmed a price manipulation vulnerability. The attacker added liquidity before the price hike. They withdrew liquidity with profit. A MEV builder address frontran the transaction. They seized about $4.14M. The stolen ETH is in two wallets. One holds $3.3M. The other holds $880K. Makina activated security mode. They advise DUSD Curve liquidity providers to withdraw funds. Only the DUSD Curve pool was affected. Other assets are safe. Security firms urge revoking smart contract permissions. Avoid Makina contracts. Flash loan exploits are still frequent. Bunni lost $8.4M. Shibarium lost $2.4M. DeFi hacks are contained. Total crypto theft reached $3.4B. Focus shifted from DeFi to CEXs and wallets.
Disclaimer: Past performance is not indicative of future results.
#ETH #DeFi #Hack #Crypto #Trading 🚀
Entry: 1299 ETH 🟩
Target 1: 4.1M USD 🎯
Stop Loss: 0 ETH 🛑
Makina Finance just got hammered. Hackers manipulated DUSD-USDC liquidity. They stole 1299 ETH, worth $4.1M. A MEV builder frontran the attack. This complicates recovery for the revenue management protocol. PeckShield detected the exploit at 03:40:35 UTC. The attacker split the stolen ETH into two wallets. They converted it to ETH. These wallets now hold the assets. The attacker used a $280M flash loan. They manipulated the MachineShareOracle. This oracle sets the price for Dialectic USD and Dialectic USDC. They artificially inflated the pool price. Then they traded $110M USDC. They drained 1299 ETH. Then repaid the flash loan. PeckShield confirmed a price manipulation vulnerability. The attacker added liquidity before the price hike. They withdrew liquidity with profit. A MEV builder address frontran the transaction. They seized about $4.14M. The stolen ETH is in two wallets. One holds $3.3M. The other holds $880K. Makina activated security mode. They advise DUSD Curve liquidity providers to withdraw funds. Only the DUSD Curve pool was affected. Other assets are safe. Security firms urge revoking smart contract permissions. Avoid Makina contracts. Flash loan exploits are still frequent. Bunni lost $8.4M. Shibarium lost $2.4M. DeFi hacks are contained. Total crypto theft reached $3.4B. Focus shifted from DeFi to CEXs and wallets.
Disclaimer: Past performance is not indicative of future results.
#ETH #DeFi #Hack #Crypto #Trading 🚀
🤔
Opinion NDV: Why a $10.3 billion investment in Upbit is "collecting money"
Author: Lin Wanwan Dongcha Beating
NDV argues that Upbit remains significantly undervalued despite a recent hack, citing strong profitability and market dominance. A proposed merger between the parent company Dunamu and Naver Financial could support a U.S. IPO in 2026, potentially closing the valuation gap with its global peers and positioning the group as a payments-exchange-stablecoin platform. #hack link
Opinion NDV: Why a $10.3 billion investment in Upbit is "collecting money"
Author: Lin Wanwan Dongcha Beating
NDV argues that Upbit remains significantly undervalued despite a recent hack, citing strong profitability and market dominance. A proposed merger between the parent company Dunamu and Naver Financial could support a U.S. IPO in 2026, potentially closing the valuation gap with its global peers and positioning the group as a payments-exchange-stablecoin platform. #hack link
SAGA HACKED: 7 MILLION DRAINED!
SagaEVM network emergency shutdown at block 6,593,800. Critical smart contract vulnerability exploited. Hacker stole approximately 7 million USD in bridged assets like $USDC, $ETH, and tBTC. Funds moved to Ethereum Mainnet for dumping.
Team confirms SagaEVM is isolated. Mainnet and validators remain secure. No private key leaks or consensus issues. Developers working with exchanges to freeze hacker wallets and trace funds. Network remains frozen until the vulnerability is patched.
Disclaimer: This post is for informational purposes only and does not constitute investment advice.
#Saga #CryptoNews #Hack 🚨
SagaEVM network emergency shutdown at block 6,593,800. Critical smart contract vulnerability exploited. Hacker stole approximately 7 million USD in bridged assets like $USDC, $ETH, and tBTC. Funds moved to Ethereum Mainnet for dumping.
Team confirms SagaEVM is isolated. Mainnet and validators remain secure. No private key leaks or consensus issues. Developers working with exchanges to freeze hacker wallets and trace funds. Network remains frozen until the vulnerability is patched.
Disclaimer: This post is for informational purposes only and does not constitute investment advice.
#Saga #CryptoNews #Hack 🚨
ETH EXPLOSION: $4.1M DRAINED FROM MAKI
Entry: 3300 🟩
Target 1: 3200 🎯
Stop Loss: 3400 🛑
MAKI FINANCE just got HAMMERED. Hackers manipulated oracles, draining $4.1 MILLION in ETH. A MEV builder front-ran the attack, snatching most of the loot. This is a DISASTER for the new yield protocol. Funds are split across two wallets, converted to ETH. Security firms are SCREAMING for users to revoke permissions and avoid MAKI contracts. This exploit only hit the DUSD Curve pool. Other assets are SAFE. Flash loan exploits are NOT over. Do NOT get caught sleeping.
Disclaimer: This is not financial advice.
#DeFi #Crypto #Hack #Ethereum #MAKI 💥
Entry: 3300 🟩
Target 1: 3200 🎯
Stop Loss: 3400 🛑
MAKI FINANCE just got HAMMERED. Hackers manipulated oracles, draining $4.1 MILLION in ETH. A MEV builder front-ran the attack, snatching most of the loot. This is a DISASTER for the new yield protocol. Funds are split across two wallets, converted to ETH. Security firms are SCREAMING for users to revoke permissions and avoid MAKI contracts. This exploit only hit the DUSD Curve pool. Other assets are SAFE. Flash loan exploits are NOT over. Do NOT get caught sleeping.
Disclaimer: This is not financial advice.
#DeFi #Crypto #Hack #Ethereum #MAKI 💥
🔽 Nearly 80% of crypto projects never fully recover after a major hack
#MarketRebound
#Hack
#doyouknowwhy
@just 📄
#MarketRebound
#Hack
#doyouknowwhy
@just 📄
DEFI MELTDOWN: $4.2M VANISHES!
Entry: 1.00 🟩
Target 1: 0.95 🎯
Stop Loss: 1.05 🛑
Makina Finance is bleeding. Hackers exploited an oracle flaw. $4.2 million is gone. CertiK tracked funds to an MEV builder. A flash loan amplified the damage. The DUSD/USDC pool was drained. No safeguards existed. This exploit highlights dangerous oracle designs. DeFi is on high alert.
Disclaimer: This is not financial advice.
#DeFi #Crypto #Hack #Exploit 💥
Entry: 1.00 🟩
Target 1: 0.95 🎯
Stop Loss: 1.05 🛑
Makina Finance is bleeding. Hackers exploited an oracle flaw. $4.2 million is gone. CertiK tracked funds to an MEV builder. A flash loan amplified the damage. The DUSD/USDC pool was drained. No safeguards existed. This exploit highlights dangerous oracle designs. DeFi is on high alert.
Disclaimer: This is not financial advice.
#DeFi #Crypto #Hack #Exploit 💥
MAKINA WIPED OUT. HUGE LOSS.
5,107,871 USDC GONE.
The multi-chain DeFi execution engine Makina was just hit hard on Ethereum. Attackers exploited a vulnerability. They manipulated pool prices. They inflated LP assets. Arbitrage attack executed. This is a massive blow. Don't get caught in the crossfire. Stay sharp.
Disclaimer: This is not financial advice.
#DeFi #Hack #CryptoNews 🚨
5,107,871 USDC GONE.
The multi-chain DeFi execution engine Makina was just hit hard on Ethereum. Attackers exploited a vulnerability. They manipulated pool prices. They inflated LP assets. Arbitrage attack executed. This is a massive blow. Don't get caught in the crossfire. Stay sharp.
Disclaimer: This is not financial advice.
#DeFi #Hack #CryptoNews 🚨
HACKED: $4.13 MILLION GONE!
Entry: 1299 🟩
Target 1: 4.13M 🎯
Stop Loss: 0 🛑
MakinaFi just got hammered. 1299 ETH vanished. MEV bots front-ran the chaos. Millions are gone. This is a bloodbath. The market is bleeding. Act now or be left behind. Secure your assets. This is not a drill.
DYOR. Not financial advice.
#CRYPTO #HACK #ETH #NEWS 🚨
Entry: 1299 🟩
Target 1: 4.13M 🎯
Stop Loss: 0 🛑
MakinaFi just got hammered. 1299 ETH vanished. MEV bots front-ran the chaos. Millions are gone. This is a bloodbath. The market is bleeding. Act now or be left behind. Secure your assets. This is not a drill.
DYOR. Not financial advice.
#CRYPTO #HACK #ETH #NEWS 🚨
🚨 BREAKING $282M Crypto Heist Drops Markets Social Engineering Hack Massive BTC Buy Shake Sentiment
1) A Massive Social Engineering Attack Steals ~$282 Million in Crypto
A verified social engineering hack resulted in the theft of approximately 2.05 million LTC and 1,459 BTC (~$282 million) from long‑term holders. According to reputable blockchain researchers, the attacker quickly moved funds into Monero (XMR), causing a 70% surge in Monero’s price as traders reacted to stealth accumulation and privacy demand
This is not a smart‑contract exploit or protocol vulnerability but a human‑targeted attack on custody practices a reminder that social engineering remains one of the largest sources of systemic crypto risk. Immediate impacts include heightened risk premiums on privacy coins and sell‑offs in correlated assets as risk aversion ripples through markets
2) Institution or Whale Makes a Mega Bitcoin Purchase
Incontrast to the hack shock, on‑chain data shows a major $BTC BTC accumulation totaling ~$1.2 billion, the largest purchase in months by a known strategy fund or institutional entity. This buy has provided short‑term bid support for markets even as liquidity conditions remain tight
crypto.news
Market Implications (Clear & Direct):
📉 Price Volatility Surge: The hacked funds moving into Monero and rapid trading activity have injected extreme bid‑ask volatility into privacy tokens and heavily correlated LTC/BTC pairs. Liquidity providers and market makers are widening spreads and risk limits
⚠️ Risk Off Sentiment
A seven‑figure social engineering theft raises trust and counterparty risk concerns especially for LTC/BTC holders potentially triggering short‑term deleveraging across the derivatives market
📈 Institutional Support Signal: The $1.2 billion BTC purchase offsets some volatility and signals that deep liquidity players still see value at current levels This bifurcation risk aversion on one side accumulation on the other often presages a choppy range‑bound market regime ahead
💡 Technical Narrative Shift: Expect short‑term correlations to decouple as privacy coins rally aggressively (on stolen funds flows) while majors like BTC and $ETH trade based on macro and ETF flow narratives
⚠️ Disclaimer: This article is based on verified reports and on‑chain analysis as of the timestamp below. Market conditions can evolve rapidly — always conduct your own due diligence and consider liquidity, custody risk, and counterparty factors before trading
#exploit #Hack #BTC走势分析 #XMR
A verified social engineering hack resulted in the theft of approximately 2.05 million LTC and 1,459 BTC (~$282 million) from long‑term holders. According to reputable blockchain researchers, the attacker quickly moved funds into Monero (XMR), causing a 70% surge in Monero’s price as traders reacted to stealth accumulation and privacy demand
This is not a smart‑contract exploit or protocol vulnerability but a human‑targeted attack on custody practices a reminder that social engineering remains one of the largest sources of systemic crypto risk. Immediate impacts include heightened risk premiums on privacy coins and sell‑offs in correlated assets as risk aversion ripples through markets
2) Institution or Whale Makes a Mega Bitcoin Purchase
Incontrast to the hack shock, on‑chain data shows a major $BTC BTC accumulation totaling ~$1.2 billion, the largest purchase in months by a known strategy fund or institutional entity. This buy has provided short‑term bid support for markets even as liquidity conditions remain tight
crypto.news
Market Implications (Clear & Direct):
📉 Price Volatility Surge: The hacked funds moving into Monero and rapid trading activity have injected extreme bid‑ask volatility into privacy tokens and heavily correlated LTC/BTC pairs. Liquidity providers and market makers are widening spreads and risk limits
⚠️ Risk Off Sentiment
A seven‑figure social engineering theft raises trust and counterparty risk concerns especially for LTC/BTC holders potentially triggering short‑term deleveraging across the derivatives market
📈 Institutional Support Signal: The $1.2 billion BTC purchase offsets some volatility and signals that deep liquidity players still see value at current levels This bifurcation risk aversion on one side accumulation on the other often presages a choppy range‑bound market regime ahead
💡 Technical Narrative Shift: Expect short‑term correlations to decouple as privacy coins rally aggressively (on stolen funds flows) while majors like BTC and $ETH trade based on macro and ETF flow narratives
⚠️ Disclaimer: This article is based on verified reports and on‑chain analysis as of the timestamp below. Market conditions can evolve rapidly — always conduct your own due diligence and consider liquidity, custody risk, and counterparty factors before trading
#exploit #Hack #BTC走势分析 #XMR
🔥 Scammers on the Rise: How the Meme Coin Boom on Solana Unlocked New Ways to Steal Millions 💸
🌐 The Crypto Market in Shock!
In 2024, total Web3 losses exceeded $2.9 billion. From DeFi to metaverses, no sector was spared. 🚨 The main vulnerability? Access control issues, responsible for 78% of all attacks.
💎 DeFi: Fewer losses, but major hacks persist
Losses decreased by 40%, but still reached $474 million. The biggest incident was the hack of Radiant Capital, costing $55 million.
🏦 CeFi in Trouble: Losses Double!
CeFi losses skyrocketed to $694 million. Notable attacks include a key leak at DMM Exchange ($305 million) and a multisignature vulnerability at WazirX ($230 million).
🎮 Games and Metaverses Lose Hundreds of Millions
The gaming sector reported $389 million in losses, accounting for 18% of all attacks. 🎲
🚩 Rug Pulls Shift to Solana
Scammers moved from BNB Chain to Solana, driven by the growing popularity of meme coins. 📈
🎯 Presales Turn into Traps: $122.5 Million Stolen in One Month!
In April 2024, scammers executed 27 fraud schemes using presales. 💰 They also exploited the names of celebrities and influencers to deceive investors.
👨💻 Phishing and North Korean Hackers
Phishing attacks led to $600 million in stolen funds, while North Korean hackers siphoned off $1.34 billion.
⚠️ Stay Alert!
Crypto scams are becoming increasingly sophisticated. 🛡️ Behind every meme coin, a trap could be waiting!
#Hack #scamriskwarning #solana
In 2024, total Web3 losses exceeded $2.9 billion. From DeFi to metaverses, no sector was spared. 🚨 The main vulnerability? Access control issues, responsible for 78% of all attacks.
💎 DeFi: Fewer losses, but major hacks persist
Losses decreased by 40%, but still reached $474 million. The biggest incident was the hack of Radiant Capital, costing $55 million.
🏦 CeFi in Trouble: Losses Double!
CeFi losses skyrocketed to $694 million. Notable attacks include a key leak at DMM Exchange ($305 million) and a multisignature vulnerability at WazirX ($230 million).
🎮 Games and Metaverses Lose Hundreds of Millions
The gaming sector reported $389 million in losses, accounting for 18% of all attacks. 🎲
🚩 Rug Pulls Shift to Solana
Scammers moved from BNB Chain to Solana, driven by the growing popularity of meme coins. 📈
🎯 Presales Turn into Traps: $122.5 Million Stolen in One Month!
In April 2024, scammers executed 27 fraud schemes using presales. 💰 They also exploited the names of celebrities and influencers to deceive investors.
👨💻 Phishing and North Korean Hackers
Phishing attacks led to $600 million in stolen funds, while North Korean hackers siphoned off $1.34 billion.
⚠️ Stay Alert!
Crypto scams are becoming increasingly sophisticated. 🛡️ Behind every meme coin, a trap could be waiting!
#Hack #scamriskwarning #solana
🍔 McDonald's Memecoin Hack: Cyber Thieves Steal Around $700,000 in Solana
In an unexpected twist, on August 21, scammers hacked McDonald's official Instagram account, using the fast food giant's platform to sell a fake memecoin based on the Grimace mascot. The hackers managed to raise over $700,000 in Solana before the scam was discovered.
💀 The Grimace Memecoin Scam 👾
Taking advantage of McDonald's Instagram page, with 5.1 million followers, the hackers promoted the fake Grimace token as a "McDonald's experiment on Solana." This tactic quickly caught the attention of the crypto community, causing the token's market cap to jump from a few thousand dollars to $25 million in just 30 minutes.
📊 Pump & Dump
The crooks had already secured 75% of the Grimace token supply using the Solana memecoin implementer pump.fun. They then distributed these tokens across 100 different wallets. As the token's value increased, the hackers began selling their holdings, causing the token's price to drop to $650,000 in just 40 minutes.
💸 The Payout
In total, the crooks made off with around $700,000 worth of Solana from this pump and dump scheme. They even edited McDonald's Instagram bio to boast about their success, writing: "Sorry India_X_Kr3w just scammed you, thanks for the $700,000 worth of Solana."
⚠️ Aftermath
The posts and bio were eventually restored, and McDonald's issued a statement acknowledging the hack as an "isolated incident." This incident is a reminder of the dangers in the cryptocurrency world, where even well-known brands can be used to facilitate scams.
#scam #hack #Solana $SOL #RiskManagement
In an unexpected twist, on August 21, scammers hacked McDonald's official Instagram account, using the fast food giant's platform to sell a fake memecoin based on the Grimace mascot. The hackers managed to raise over $700,000 in Solana before the scam was discovered.
💀 The Grimace Memecoin Scam 👾
Taking advantage of McDonald's Instagram page, with 5.1 million followers, the hackers promoted the fake Grimace token as a "McDonald's experiment on Solana." This tactic quickly caught the attention of the crypto community, causing the token's market cap to jump from a few thousand dollars to $25 million in just 30 minutes.
📊 Pump & Dump
The crooks had already secured 75% of the Grimace token supply using the Solana memecoin implementer pump.fun. They then distributed these tokens across 100 different wallets. As the token's value increased, the hackers began selling their holdings, causing the token's price to drop to $650,000 in just 40 minutes.
💸 The Payout
In total, the crooks made off with around $700,000 worth of Solana from this pump and dump scheme. They even edited McDonald's Instagram bio to boast about their success, writing: "Sorry India_X_Kr3w just scammed you, thanks for the $700,000 worth of Solana."
⚠️ Aftermath
The posts and bio were eventually restored, and McDonald's issued a statement acknowledging the hack as an "isolated incident." This incident is a reminder of the dangers in the cryptocurrency world, where even well-known brands can be used to facilitate scams.
#scam #hack #Solana $SOL #RiskManagement
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