Canadian rapper Drake's account on the X platform was hacked to promote a fake Solana-based memecoin that amassed significant trading volume before being exposed.
Details of Drake’s Account Breach
Drake's account, with over 39 million followers, was hacked on Saturday night. Hackers used it to promote a counterfeit called '$ANITA', leveraging his well-known cartoon alter ego Anita Max Wynn to lend credibility to the project. The posts included a token contract address and a cartoon character image linked to the project. The token's name mirrored Drake's upcoming 'Anita Max Wynn Tour' in Australia and New Zealand.
Memecoin Scams Targeting High Profiles
This incident points out a growing trend in hacking high-profile accounts to promote crypto scams. Recently, celebrities like Cardi B, Doja Cat, and Metallica have been targeted in a similar fashion. Hackers also breached the Cardano Foundation's account for a comparable scam; however, it generated less attention than '$ANITA.'
Impact on Celebrities and Crypto Arena
Celebrities and brands are often targeted to exploit their influence and fabricate a sense of legitimacy for fraudulent projects. Social media hacks remain a prevalent strategy among cybercriminals in the cryptocurrency domain. For Drake, his association with digital assets and previous posts about cryptocurrency make him particularly vulnerable to such attacks.
This incident reiterates the necessity for increased vigilance regarding cryptocurrency announcements, especially when emanating from well-known figures. Social media users must be aware of potential scams and verify the credibility of the sources.
