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News

Drake’s X Account Hacked Promoting Solana Memecoin

3 hours ago - Around 2 mins mins to read

Key Points:

  • Drake’s X account hack promoted a fake Solana memecoin.
  • “$ANITA” memecoin fraud saw $5M trading before removal.
Drake’s X account was hacked to promote a fraudulent Solana memecoin named “$ANITA,” leading to a $5M trading volume before users uncovered the scam and stopped buying.
Drake's X Account Hacked Promoting Solana Memecoin

Drake’s X Account Hacked to Promote Solana Memecoin

Drake’s X account, with over 39 million followers, was hacked on Saturday to push a fraudulent Solana-based memecoin called “$ANITA.” The scam capitalized on Drake’s cartoon “alter ego,” Anita Max Wynn, and falsely claimed a partnership with Stake, his preferred crypto-betting platform. These posts led to $5 million in trading volume before users identified the scam and stopped engaging.

This incident marks another in a series of high-profile hacks targeting X accounts. Other notable figures such as Cardi B and Doja Cat have experienced similar attacks recently, reflecting an escalating trend of exploiting celebrity platforms to promote crypto scams, according to The Block.

Read more: Drake donates $1 million to LeBron James charity in Bitcoin. God’s Plan!

$ANITA Scam Highlights Rising Security Risks for X Accounts

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.

This hack is part of a broader wave targeting celebrity accounts, following cases like the Cardano Foundation and other musicians. These incidents emphasize the importance of robust account security as crypto scams continue to exploit high-profile users.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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drake

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Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.