Drake’s X Account Hacked to Promote Fake Meme Coin Anita

Source Beincrypto

Drake, the internationally renowned rapper, recently had his X (formerly Twitter) account hacked to promote a fake meme coin.

The now-deleted fraudulent post underscores the growing number of scams targeting high-profile accounts on the platform.

Drake’s Hacked Account Highlights Rising Crypto Scams on X

On December 14, blockchain investigator ZachXBT uncovered the breach, revealing that Drake’s X account was misused to advertise a scam meme coin called “Anita.”

The hackers falsely claimed that the coin was developed in partnership with Stake, a gambling company Drake has publicly collaborated with since 2022. The post included a smart contract address and promotional material, giving the scam an air of credibility.

Drake’s known interest in cryptocurrencies likely added weight to the deception. However, the fraudulent content has been removed, and the account tied to the meme coin has been suspended.

Market observers noted that the incident highlights the alarming rise in crypto scams on X. Over the past month, several high-profile accounts belonging to organizations like the Cardano Foundation have been exploited. These incidents often aim to create false legitimacy for fraudulent tokens or fake airdrops.

Moreover, blockchain security firm Scam Sniffer pointed out that fake crypto-related accounts on X have surged to over 300 daily, up from 160 in November. The firm noted that these scammers often impersonate influencers to lure users into fraudulent Telegram groups.

Fake X Accounts.Fake X Accounts. Source: Scam Sniffer

Once inside, victims are instructed to verify their identity using a bot known as OfficialSafeguardBot. This bot uses social engineering tactics to create urgency and trick users into executing harmful commands.

During the verification process, the bot discreetly injects malicious code into the victim’s clipboard. If executed, this code installs malware designed to access crypto wallets and steal sensitive information. According to Scam Sniffer, this malware, flagged by VirusTotal, has already led to numerous confirmed thefts of private keys.

This trend reflects a new and more dangerous phase of crypto scams, combining phishing, malware deployment, and social engineering. Users are urged to remain vigilant and avoid engaging with suspicious crypto offers or accounts.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin and Ether face volatility as $5.3B options expireBTC, ETH options for a total of $5.3B are expiring on Friday, bringing another period of potential price volatility.
Author  FXStreet
9 hours ago
BTC, ETH options for a total of $5.3B are expiring on Friday, bringing another period of potential price volatility.
placeholder
BOE Seen Poised for Further Rate Cuts.Sterling Seen Extending Slide Against DollarBank of England Governor Andrew Bailey signaled the prospect of further interest-rate cuts, warning that cautious UK households are pulling back on dining out and shopping.
Author  TradingKey
10 hours ago
Bank of England Governor Andrew Bailey signaled the prospect of further interest-rate cuts, warning that cautious UK households are pulling back on dining out and shopping.
placeholder
Gold’s Surge Pulls Miners Higher, But “Fast Money” Fuels Discipline Crisis in the SectorThis week, gold prices surged past the $4,000/oz milestone, fueled by expectations of Fed rate cuts and ongoing economic and geopolitical uncertainty.
Author  TradingKey
10 hours ago
This week, gold prices surged past the $4,000/oz milestone, fueled by expectations of Fed rate cuts and ongoing economic and geopolitical uncertainty.
placeholder
Bitcoin Slides From $126,000 Peak as Market Eyes Whether Uptober Rally Can LastAfter reaching a new all-time high of over $126,000 earlier this week, Bitcoin’s (BTC) price has slipped slightly, raising questions about the sustainability of its recent rally.
Author  Beincrypto
10 hours ago
After reaching a new all-time high of over $126,000 earlier this week, Bitcoin’s (BTC) price has slipped slightly, raising questions about the sustainability of its recent rally.
placeholder
Dow Jones futures stay silent as traders await Fed Powell’s remarks, earnings reportsDow Jones futures remain steady near 46,850 during European hours on Thursday, ahead of the regular session opening in the United States (US).
Author  FXStreet
10 hours ago
Dow Jones futures remain steady near 46,850 during European hours on Thursday, ahead of the regular session opening in the United States (US).
goTop
quote