The X account of popular musician Drake was hacked on Saturday to promote a fraudulent Solana-based memecoin named $ANITA. By the time users uncovered the scam and stopped purchasing, trading volume had reached $5 million.
Drake's X Account Hacked
Drake's X account, with over 39 million followers, was hacked to promote a fake Solana-based memecoin known as $ANITA. The scammers capitalized on Drake's cartoon 'alter ego,' Anita Max Wynn, and falsely claimed a partnership with his favorite crypto-betting platform. These posts led to $5 million in trading volume before users identified the scam and stopped engaging.
Dangers of $ANITA Memecoin
The fraudulent $ANITA coin tied to Drake's X account leveraged the name of his Anita Max Wynn Tour, creating a false association with the rapper. The tour, coinciding with Drake's return to Australia and New Zealand, added credibility to the scam, leading many followers to invest. However, the posts were removed shortly after the fraud was exposed.
Growing Security Risks
This hack is part of a broader wave targeting celebrity accounts, including recent cases involving Cardi B and Doja Cat. These incidents emphasize the importance of robust account security as crypto scams continue to exploit high-profile users.
The hack of Drake's account and the promotion of the fake $ANITA memecoin highlights the growing security risks on the X platform. The incident underscores the need for increased precautionary measures to protect against such attacks.
