A recent incident in the UK has drawn attention to cybersecurity threats, as Lucy Powell's account was hacked to promote a fraudulent token.
Hacking of Lucy Powell's Account
On April 15, Lucy Powell's account, the Leader of the House of Commons, was compromised by hackers. They used her official platform to promote a Solana-based token called 'House of Commons Coin' (HOC), creating an illusion of legitimacy. Messages on her account urged users to invest in the token.
Fraudulent Token Promotion
Powell's team quickly confirmed that her account had been hacked and steps were taken to secure it. Data from DEX Screener showed that HOC peaked at a market cap of over $24,000, but its value subsequently dropped to about $3,800.
Other Similar Attacks
Lucy Powell is not the only politician whose identity has been misused to promote dubious cryptocurrencies. Last month, former Ghanaian president John Dramani Mahama had his account hijacked to promote a token called 'Solanafrica'. Similar incidents also occurred with Cuba’s Ministry of Foreign Affairs and Argentine president Javier Milei.
Incidents of fraudulent token promotion continue to occur, highlighting the importance of vigilance in the realm of cybersecurity, especially among public figures.
