Canadian rapper Drake became a victim of a high-profile hack as his X account was used to promote a fraudulent memecoin on the Solana blockchain.
Details of Drake's Account Hack
Over the weekend, Drake’s X account, which has 39 million followers, was hacked to promote a cryptocurrency called $ANITA. The coin is linked to his alter ego Anita Max Wynn and allegedly launched in partnership with the popular crypto gambling platform Stake. Posts falsely claimed the coin was tied to his Anita Max Wynn Tour in Australia and New Zealand.
Rising Number of Celebrity Account Hacks
Drake's hacked account is part of a growing trend of celebrity-targeted hacks on X. Recently, the Cardano Foundation faced a similar scam. Other affected celebrities include Cardi B, Doja Cat, Metallica, and Wiz Khalifa, whose account was used to promote another scam crypto token.
Warnings for Crypto Investors
The Drake hack highlights the need for heightened security measures on social media and more careful scrutiny of crypto promotions by investors. Hackers exploit the trust in public figures to lure individuals into fraudulent schemes, reminding of the risks of investments based solely on celebrity endorsements.
To maintain trust in the crypto space, coordinated efforts by social media platforms and the crypto community are essential, especially amidst the rise in celebrity-targeted hacking incidents.
