Hack on @pumpdotfun X Account Leads to Fraudulent $PUMP Token Promotion and $600K Gain for Hackers
In a troubling development today, the official X account of @pumpdotfun was taken over by hackers and used to promote a bogus token called $PUMP. The malicious actors behind the hack got the account's influence to work for them and got people to take notice of the $PUMP token. They effectively pumped their holdings and dumped them after driving the price up (actually getting people to buy the token). Once the hackers were done with their operation, the price of the $PUMP token dropped, which led to the crypto market losing a lot of money and vulnerable investors losing a lot of money. https://twitter.com/AlphaFirst_/status/1894986593372717170?t=YI8nHAu_ujjRRPvxwlZvrA&s=19 A Sophisticated Attack: Links to Previous Hacks The hack of the @pumpdotfun account was not an isolated incident. Blockchain sleuth ZachXBT has linked it to other high-profile attacks, like those on Jupiter DAO and DogWifCoin. If […]