Dogwifhat meme coin hacked: Scammers promote Solana tokens

user avatar

by Giorgi Kostiuk

2 years ago

On November 14, the Dogwifhat account on platform X was hijacked to promote Solana tokens. Scammers attempted to inflate the price of three meme coins through deceptive posts, resulting in a brief spike in their value.

Dogwifhat account breach

The dog-themed meme coin Dogwifhat became a target for hackers on platform X. During the takeover, the account was used to promote Solana tokens by the fraudsters.

Meme tokens announcements

Hackers began posting about the MUU token and others, clearly attempting to boost their price. The community quickly noticed the posts, and security firm Harpie confirmed the account breach.

Counteractions and consequences

Following the posts-induced price rise, the tokens experienced a sharp drop as bad actors liquidated their holdings. Dogwifhat developers regained account control, highlighting the vulnerability of social media to such attacks.

Incidents of account hijacks underscore the importance of verifying information sources and strengthening security within the crypto community.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

C2FO and Ripple Introduce Instant Pay Initiative to Enhance Supplier Payments

C2FO and Ripple have launched the Instant Pay initiative to enhance supplier payments using the XRP Ledger and RLUSD.

user avatarLeo van der Veen

Moody's Ratings Assigns A2 and P1 Ratings to Ripple's RLUSD Stablecoin

Moody's Ratings has assigned an A2 long-term deposit rating and a P1 short-term deposit rating to Ripple's dollar-backed stablecoin RLUSD, issued by Standard Custody Trust Company.

user avatarLi Weicheng

Arthur Hayes Takes Profits and Reduces Market Exposure

Arthur Hayes, cofounder of BitMEX, has closed his directional trading book and taken profits on several tokens due to uncertainty in macroeconomic and geopolitical conditions.

user avatarElias Mukuru

Ethereum Faces Liquidations Amid Bitcoin's Price Volatility

Ethereum positions saw significant liquidations alongside Bitcoin's price drop, with approximately $13.672 million liquidated during the same four-hour period.

user avatarBayarjavkhlan Ganbaatar

Stablecoins Highlighted as Key to US Dollar Strategy

Stablecoins highlighted as crucial to US dollar strategy, emphasizing their connection to government debt and the evolving regulatory landscape.

user avatarAisha Farooq

Treasury Secretary Proposes New Approach to Cryptocurrency Regulation

Treasury Secretary Scott Bessent proposes a new strategy for cryptocurrency regulation, emphasizing cooperation between key regulatory bodies following the failure of the CLARITY Act.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.