YEREVAN (CoinChapter.com) — Hackers took control of Pump.fun’s X account on Feb. 26, using it to promote fraudulent tokens, including a fake governance token named “PUMP.” The Pump.fun team confirmed the breach and urged users not to interact with any links or messages posted on the compromised account.
Blockchain investigator ZachXBT warned users about the hack, stating that interacting with the account could lead to financial losses.
Pump.fun X Account Hack Promotes Fake $PUMP Token to Users. Source: Pump.fun/ ZachXBTFake Tokens Promoted Through Pump.fun X Account
After gaining control of the Pump.fun X account, the attackers shared messages promoting the fraudulent PUMP token. One post claimed:
“The official Pump.fun governance token, where democracy has never been this degen. We will also be rewarding our OG degens.”
The Pump.fun team addressed the hack through its Telegram channel, confirming they were working to regain access to the account.
Pump.fun Hack Sparks Discussion on Creating a ‘HackedDotFun’ Token. Source: Pump.funCrypto Social Media Hacks Increase
The Pump.fun hack is part of a growing trend of crypto social media hacks. Attackers continue to exploit popular crypto platforms to promote scams.
Recently, a $1.4-billion Bybit hack became the largest single hack in crypto history, bringing attention to security concerns in the industry.
On Feb. 14, Argentine President Javier Milei posted about the LIBRA token on X, describing it as a project designed to support startups and small businesses in Argentina. Soon after, he deleted the post and distanced himself from the token. The project collapsed in a $107-million rug pull.
Bermuda Premier’s X Account Compromised
The same day as the Pump.fun hack, the X account of Bermuda Premier David Burt was hijacked to promote a fraudulent token called “Bermuda National Coin.”
Shortly after, multiple Bermuda National Coin meme tokens appeared on Pump.fun. Subsequently, the sudden launch of similar tokens raised concerns about how easily scammers can exploit the platform.
Burt later addressed the breach, tagging Elon Musk and the X team, questioning how the hacker was able to obtain a gray checkmark verification, which is usually reserved for government officials.
As more crypto social media hacks occur, the risks associated with compromised accounts remain a major issue in the industry.
The post Pump.fun’s X Account Hacked, Fake Tokens Promoted appeared first on Coinchapter.
%%featured_image%%
