American heavy metal band Metallica, known for selling over 121 million albums through 11 records, has been affected by cryptocurrency scammers. The official account of the iconic band was compromised by malicious individuals to endorse a fake Solana-based meme coin with the METAL ticker. This deceptive cryptocurrency was marketed as a 'dynamic new token' supposedly developed in partnership with Ticketmaster, a well-known ticket sales and distribution company in the United States. The compromised account falsely claimed that the token could be used to purchase merchandise and gifts at Metallica events and online. Additionally, it promoted a staking feature for the token that purported to offer rewards to Metallica fans. This incident is not the first time that Metallica has faced crypto scams. In response to previous instances, the band had to issue a statement refuting allegations of being involved in fraudulent giveaways of Bitcoin and Ethereum. The scammers targeted Metallica after the release of '72 Seasons,' their highly anticipated album marking their first full-length release in six years. A fraudulent livestream promoting the fake giveaway surfaced on YouTube during that period. With the rise of celebrity meme coins, fraudsters are seizing the latest cryptocurrency trend. Notably, the social media account of American rapper 50 Cent was also hacked recently to endorse a counterfeit Solana token.
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