Pokemon

Ava Labs Chief Operational Officer, Luigi D’Onorio DeMeo is thought to have had his X account hacked after sharing links to dubious airdrops and information about a recently released memecoin with a Pokemon theme.&nbsp; 
In what appears to be a pump-and-dump operation, two of the posts from August 19 that have since been removed included the address to a Solana-based memecoin named Pika (PIKA), which is modeled after Pikachu, one of the main characters in the media franchise.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe2H5yRelY3pxUyyQ3mhXfSjb9xXn8ypYPQIjWRixs1qbkhNOm0HO6hawPIvuNC39XpmO2D4IWHaTr32DCfAX9Nvcb4-vrSQr4pBT03g8Yds285Cwx94wLJNYIhcUCfV46YH-4fp5bCAwJ7FhVx9cxMwgBi?key=TjeWyrmeUFLV9rdz7LcjZQ" alt="AD 4nXe2H5yRelY3pxUyyQ3mhXfSjb9xXn8ypYPQIjWRixs1qbkhNOm0HO6hawPIvuNC39XpmO2D4IWHaTr32DCfAX9Nvcb4 vrSQr4pBT03g8Yds285Cwx94wLJNYIhcUCfV46YH">
 <figcaption class="wp-element-caption">
 Image Source: <a href="https://x.com/luigidemeo/status/1825341183473676313" target="_blank">Luigi D’Onorio DeMeo</a>
 </figcaption>
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While it is unknown how the potential hackers gained access to DeMeo’s account, many X users were cautioned about clicking and following links during the event. Also,&nbsp; 
However, <a href="https://dexscreener.com/solana/gdgrqwntzuelschvqpznrvoythakvzmqw4ucnocncraf" target="_blank" rel="noopener">according</a> to Dexsceener, shortly after the post, PIKA’s market cap reached a peak of $388,570 but immediately petered out, plunging over 99% to a currency market worth of $3,289.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcuDJN4Wu2dxi7HWHijpSs0bvhA4IxyAgt8KMza60-MRTbVk_THDSV05WnVXOjQNIatcf45fuZvT4oUKayFpCsh2PeyEggJWvXljA0FdNxP6YuYqr4luG4OZBUYmlbBbZaWI3AUjTW-r0ztwMdwdIyYyRJO?key=TjeWyrmeUFLV9rdz7LcjZQ" alt="AD 4nXcuDJN4Wu2dxi7HWHijpSs0bvhA4IxyAgt8KMza60 MRTbVk THDSV05WnVXOjQNIatcf45fuZvT4oUKayFpCsh2PeyEggJWvXljA0FdNxP6YuYqr4luG4OZBUYmlbBbZaWI3AUjTW r0ztwMdwdIyYyRJO?key=TjeWyrmeUFLV9rdz7LcjZQ">
 <figcaption class="wp-element-caption">
 Image Source: <a href="https://dexscreener.com/solana/gdgrqwntzuelschvqpznrvoythakvzmqw4ucnocncraf" target="_blank" rel="noopener">Dexscreener</a>
 </figcaption>
</figure> 
Aside this incident, dubious websites saying that Ava Labs is giving out Avalanche tokens have been posted on DeMeo’s account, enticing people to connect their cryptocurrency wallet. In an attempt to silence critics who warned of the scam, it also disabled comments, citing the risk of “malicious links” being disseminated. 
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 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfPeUD4kafHYMvZG-Da4GQHt5HufF5j0wYzoZZb6LxnqxOU8SrDHxu8BT5UCUdGUryt6ti8ZYinbPRJKZgb_h5btYejbIqypJBLY3wjdF7N7Qlyjphe2E5IjkhlQaN5C_Oc_MJCJA0dPGSHFxN9yKlU32uW?key=TjeWyrmeUFLV9rdz7LcjZQ" alt="AD 4nXfPeUD4kafHYMvZG">
</figure> 
Similar hack events have occurred this year. For instance, the Doja Cat’s X <a href="https://www.cryptotimes.io/2024/07/10/doja-cats-x-account-hacked-to-promote-scam-token-doja/">account hack</a> to promote a fake token called $DOJA resulted in investors losing over $1.63 million. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/18/one-month-to-wazirx-hack-investors-give-final-deadline-to-nischal/">One Month to WazirX Hack, Investors Give Final Deadline to Nischal</a> 
</blockquote>

Ava Labs COO’s X account was hacked to promote Memecoin.

The Crypto Times

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