• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogwifhat X Account Hacked to Manipulate Token Prices

user avatar

by

2 hours ago


On November 14, the X account of Dogwifhat was hacked to promote newly created tokens on the Solana blockchain, leading to significant fluctuations in cryptocurrency prices.

Dogwifhat Account Breach

The Dogwifhat account on the X platform was compromised, with attackers altering the bio and sharing posts encouraging users to invest in tokens POPWNUT, MUU, and WIFD by providing contract addresses for purchases.

Community members quickly noticed the account's compromised status, while web3 security firm Harpie confirmed the breach, advising users to steer clear of the posts.None

Manipulations with New Cryptocurrency

According to data from DexScreener, MUU experienced a sharp price surge following the fraudulent promotion, reaching an all-time high despite previous low trading activity. However, the price collapsed after the attackers liquidated their holdings. Similarly, WIFD and POPWNUT saw sharp increases followed by rapid declines, with both tokens losing over 83% of their value within six hours, and market caps falling to $12,000 and $37,000 respectively.

Account Recovery and Impact

Dogwifhat developers regained control of the account shortly after, restoring the original profile and removing all fraudulent posts. This incident occurred just days after a similar breach of rapper Wiz Khalifa's account, which was used to promote a fake cryptocurrency.

These recent hacks highlight the growing threat to social media users and the need for enhanced account security. In both cases, fraudsters used the platform to manipulate cryptocurrency prices, serving as a serious warning to crypto market participants.

0

Share

Other news

BNB Market Analysis and Price Forecast

Cardano drops 6.84%. Updates on BNB prices: support, resistance, and growth potential.

user avatar

10 minutes ago

Cardano (ADA): Price Surge and Golden Cross Outlook

Cardano (ADA) surges 19% with potential golden cross formation, indicating further growth potential.

user avatar

11 minutes ago

Jay Clayton Appointed as Manhattan U.S. Attorney

Former SEC chair Jay Clayton nominated by President Trump as Manhattan's U.S. Attorney.

user avatar

11 minutes ago

Elon Musk's Dogecoin Lawsuit Draws To a Close

Elon Musk wins the $258 billion Dogecoin market manipulation lawsuit.

user avatar

12 minutes ago

DigitalX Increases Influence in Digital Assets Sphere

DigitalX optimizing its strategy in preparation for high-impact changes in the crypto industry.

user avatar

13 minutes ago

Base: Coinbase's Layer 2 on Ethereum

Base is a Layer 2 solution by Coinbase for affordable Ethereum transactions.

user avatar

13 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

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.