Memecoin

Starlink

Robinhood

<h2 id="span-hackers-hijack-spacex-and-starlink-x-accounts-to-push-memecoin-span">Hackers Hijack SpaceX and Starlink X Accounts to Push Memecoin</h2>
The SpaceX Starlink hack took place on July 12, 2026, when a hacker gained access to the official X accounts of SpaceX and Starlink and used them to promote a memecoin SCATMAN built on Robinhood Chain. The token's market cap rose to about $2 million within a short period. It then crashed to near zero after the people behind it pulled liquidity. Crypto analytics firm SolanaFloor first flagged the suspicious posts, and on-chain tracker Lookonchain later traced the wallets tied to the hacker's profit.&nbsp;
<img alt="SpaceX Starlink hack X account reposted a Robinhood Chain Memecoin" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/j0HxrTAgPjaG2BKGAVw1lBSLxEflkijfoVWLryLP.jpg" width="300" title="SpaceX Starlink hack X account reposted a Robinhood Chain Memecoin">
Source: <a href="https://x.com/wublockchain12/status/2076467098264728055" rel="noopener noreferrer nofollow">X Post&nbsp;</a>
<h3 id="span-span-what-happened-span-span">What Happened</h3>
Both accounts reposted content promoting a Robinhood Chain memecoin. The post came from an account labeled as a SpaceX-linked page, which pointed to a compromised account rather than an official announcement. SolanaFloor reported that <a href="https://www.coingabbar.com/en/crypto-currency-news/memecoins-surge-2026-after-historic-lows-dog-themed-tokens-lead" rel="noopener noreferrer nofollow">the memecoin</a>'s market cap climbed to roughly $2 million right after the reposts appeared, and the promotional posts were deleted soon after.
<a href="https://x.com/lookonchain/status/2076468576400359783?s=46" rel="noopener noreferrer nofollow">According to Lookonchain</a>, a hacker used the stolen access to launch and promote a token called SCATMAN. The hacker then minted 10 trillion SCATMAN tokens and sold all of them for about 59 ETH, worth close to $108,000 at the time. A second wallet linked to the same hacker sold roughly 59.28 million SCATMAN tokens for 14.7 ETH, worth about $27,000. Combined, the hacker's profit reached close to $125,000.
<img alt="SpaceX Starlink hack X accounts to promote SCATMAN" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/U1YAICWR6sHBRmWpaA8zuhaC4nco3QWMDezpG52l.jpg" width="300" title="SpaceX Starlink hack X accounts to promote SCATMAN">
Neither SpaceX, Starlink, xAI, nor Robinhood has released an official statement confirming how the accounts were compromised. As of this writing, no official handle from any of these companies has addressed the hack. All figures on the hacker's profit and token supply come from on-chain analytics reported by Lookonchain, not from an official company disclosure. At the time of writing, the project has not officially confirmed further details.
<h3 id="span-span-why-it-matters-span-span">Why It Matters</h3>
A rug pull happens when the creators of a token remove trading liquidity, leaving buyers holding tokens with little to no value. This incident shows how account takeovers on X can be used to trigger rug pulls within minutes, since a repost from a large, trusted account can pull in buyers fast. Traders who want to reduce this kind of risk generally rely on well-reviewed<a href="https://www.coingabbar.com/en/crypto-blogs-details/best-crypto-exchanges-2025-get-up-to-100-usdt-bonus-now" rel="noopener noreferrer nofollow">crypto exchanges</a>&nbsp;
The hack landed during a chaotic first two weeks for Robinhood Chain, the company's <a href="https://www.coingabbar.com/en/crypto-blogs-details/layer-2-blockchain-rollups-explained-simply-guide" rel="noopener noreferrer nofollow">layer-2 network</a> that launched on July 1, 2026.&nbsp;
Independent reporting from Crypto Briefing noted that memecoins made up more than 75% of trading volume on the chain in its first week, with total memecoin market cap on the network briefly topping $244 million.
<h3 id="span-span-official-details-span-span">Official Details</h3>
<ul>
 <li>Accounts affected: SpaceXAI and Starlink official X accounts</li>
 <li>Token involved: SCATMAN, a memecoin on Robinhood Chain</li>
 <li>Peak market cap: Approximately $2 million</li>
 <li>Hacker profit: Around $125,000, based on Lookonchain's wallet tracing</li>
 <li>Source of the alert: On-chain watchdogs likes Lookonchain</li>
</ul>
<h3 id="span-span-market-context-span-span">Market Context</h3>
This is the latest in a string of security incidents tied to <a href="https://www.coingabbar.com/en/crypto-currency-news/robinhood-crypto-staking-vlad-tenev-regulations" rel="noopener noreferrer nofollow">Robinhood Chain</a> since its July 1, 2026 launch, when memecoin trading had made up the bulk of activity in the network's first weeks. It also adds to a pattern of official-sounding X accounts being used to push new tokens within minutes of a post going live.&nbsp;
A brief overview of two related tickers around the same time:
<div>
 <table>
 <colgroup>
 <col width="244">
 <col width="250">
 </colgroup>
 <tbody>
 <tr>
 <td>Ticker</td>
 <td>Move (July 12–13, 2026)</td>
 </tr>
 <tr>
 <td>Robinhood Markets (HOOD)</td>
 <td>Down about 2.72%, near $111.55</td>
 </tr>
 <tr>
 <td>"Starlink" (STARL) token</td>
 <td>Down about 2.05%, near $0.061</td>
 </tr>
 </tbody>
 </table>
</div>
This article does not have enough confirmed information to say either move was caused by the hack, so this is noted only as general market context.
<h3 id="span-span-what-comes-next-span-span">What Comes Next</h3>
No regulator or company has issued a follow-up statement as of this writing. Robinhood has not commented on the hacked reposts or on the broader memecoin activity on its chain. SpaceX, Starlink, and xAI have also not confirmed any account recovery steps or security review through their official handles. All figures on the hacker's profit and token supply in this article are sourced from third-party on-chain analytics reported by Lookonchain, not from an official company disclosure. This article will be updated if an official statement is released.
<h3 id="span-span-disclaimer-span-span-span-span-span-span">Disclaimer&nbsp;</h3>
This article is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research before making investment decisions.

SpaceX Starlink Hack Used to Push Memecoin Scam

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