Canadian rapper Drake became the victim of an X account hack used to promote a Solana-based crypto memecoin.
Details of Drake's Account Hack
On Saturday night, Drake's X account with over 39 million followers was hijacked. Hackers used it to advertise the $ANITA memecoin, tied to Drake's gambling enthusiasm and his alter ego Anita Max Wynn. They claimed $ANITA was launched in partnership with the crypto gambling platform Stake. The scam amassed up to $5 million before people realized the deceit.
Fraudulent Practices on Social Media
This hack is part of a recent trend of celebrity-targeted attacks to create false legitimacy for crypto schemes. Recently, the Cardano Foundation's account was similarly hacked for another memecoin promotion. It remains unclear whether Drake's team was aware while the hack was happening.
Reactions and Implications
The hack caused significant concern among those who invested in $ANITA. Hackers exploited the trust of followers of the compromised accounts to disseminate false information. Such attacks demonstrate the substantial financial risks posed to gullible users.
The incident with Drake highlighted the vulnerability of even celebrities to social media account hacks for scam purposes. This case emphasizes the importance of maintaining heightened security measures.
