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Scammers Target Crypto Influencers X Accounts to Promote Memecoin Related Info

Sujha Sundararajan
Last updated: | 2 min read
Scammers Target Crypto Influencers X Accounts

Scammers have targeted popular crypto influencers on X (Twitter) with the acronym GCR, on late Sunday. His compromised X account carried a post predicting the price of the ORDI token, causing brief price surges.

The hacker apparently posted promotional content on ORDI and Luna 2.0 tokens, resulting in momentary price increases.

GCR later confirmed the hack, asking followers to ignore any promotional posts.

Interestingly, he believes that someone was “bribed” at to provide his log-in credentials, causing a security breach.

“Was notified 2 months ago by someone affiliated with Twitter that bribes were had been made to get access to my account, and beefed-up security then. He wrote. “But there can’t be any security if X employees take money for admin access.”

Following the hacker’s post, the price of ORDI climbed from around $40 to $44. However, the rally was short-lived and the price fell back. The token is trading at $40 at the time of writing. Additionally, Luna 2.0 soared 274% momentarily.

Observers’ Predictions

GCR’s heads-up on the hack has caught the eyes of several crypto observers who predicted the possible motive of the hack.

For instance, Bitcoin developer and an observer Udi Wertheimer has predicted that GRC’s X account hack could be a part of a wider scam targeting celebrities and crypto influencers.

“As more niche celebs are popping up by the minute launching meme coins — on a long weekend when platform engineers are away — I recommend that you guys be very careful,” he warned.

Additionally, popular Chinese crypto blogger Colin Wu noted that the hacker “established positions on OKX and Binance 6 minutes in advance.”

Another crypto analyst Miles Deutscher commented that GCR’s hacker “fumbled the bag hard.”

“Bro could’ve picked any believable micro-cap to pump 10-20x, yet chose to shill ORDI and LUNA2 for a measly 10% wick.”

Celebrity Crypto influencers’ X Accounts Hacked

Previously, American rapper “Rich The Kid” posted a link to buy a new token RICH, launched on the Solana memecoin creation platform – According to DEX Screener data, the token’s market value reached $90,000 in the first two hours of its release.

However, the post was later deleted and no official statement from Rich The Kid management was made confirming that it was a hack.

Parallely, American media celebrity Caitlyn Jenner’s X account promoted a new memecoin JENNER, also on platform. Apparently, the token accumulated a market value of $4.7 million since its launch. Given the token’s sudden surge, many believed it to be a hack.

Jenner again strongly promoted that coin few hours ago, asking followers to ignore influencers who told not to buy JENNER token. “They want you to stay broke,” her recent post read.