On February 26, 2025, Pump.fun’s X account was hacked. Attackers promoted a fake $PUMP token, using a fake Solana contract and an image from Pump.fun’s mobile app launch video.
Account Breach and Fake Token
Pump.fun’s co-founder, Alon Cohen, quickly warned users about the account compromise and fake token. While the team has not regained control yet, they are working on it. The attackers used a fake Solana contract address to distribute the token.
Memecoin Security Concerns
This incident raises serious concerns about security in the memecoin space. Platforms like Pump.fun are targets for hackers. ZachXBT suggested that social engineering might have played a role in the attack.
Industry Response and Recovery Efforts
After the hack, Pump.fun promised to investigate the incident and restore control of their account. Despite following standard security protocols, the attack highlights the need for improved defenses and security measures on platforms.
This incident serves as a reminder of the risks in the crypto industry and the need for better platform security and informed users.
