Coin

The X account of American actress Sydney Sweeney was <a href="https://thecoinrise.com/crypto-scam-user-loses-68m-in-address-poisoning-scheme/" rel="noopener noreferrer nofollow">recently hacked</a>, leading to the promotion of a cryptocurrency token bearing her name in what appears to be a classic pump-and-dump scheme. The Solana-based token, dubbed SWEENEY, saw a dramatic surge in trading volume, amassing over $10 million within just two hours of its launch on July 2. This surge was driven by several promotional posts made from Sweeney’s compromised X account.
<h2 id="span-style-font-weight-400-sweeney-token-span">SWEENEY Token</h2>
One of the now-deleted posts from Sweeney’s account <a href="https://x.com/IoachimViju/status/1808216295449502083" rel="noopener noreferrer nofollow">read</a>, “Well I think it’s time… $sweeney is now live 100mc incoming,” indicating the token’s launch. The immediate market reaction was undeniable.&nbsp;
SWEENEY’s price plummeted nearly 90% within just over an hour, starting at 6:15 pm UTC. Despite a partial rebound, the token’s market cap currently sits at $1.2 million, a significant drop from its peak of $3.85 million, according to <a href="https://dexscreener.com/solana/9u1rZMMSqD39L3HMF8hZtz13qEFKZsEArYh6qWMN9ykA" rel="noopener noreferrer nofollow">data</a> from DEX Screener.
<h3 id="span-style-font-weight-400-other-celeb-x-accounts-hacked-span">Other Celeb X Accounts Hacked</h3>
The situation took an even more sinister turn when the <a href="https://t.me/sweeneysol/3" rel="noopener noreferrer nofollow">administrator</a> of a Telegram channel associated with the token took credit for the hack. In additional <a href="https://x.com/barkmeta/status/1808217434085560548" rel="noopener noreferrer nofollow">now-deleted</a> posts, this individual claimed responsibility for recent hacks of other celebrities’ X accounts, including rapper 50 Cent and former pro wrestler Hulk Hogan, which were used to promote similarly dubious tokens. The hacker also hinted at targeting an even more popular celebrity next, though no specific details were provided.
This incident marks the <a href="https://thecoinrise.com/binance-co-founder-criticizes-x-com-for-lax-crypto-scam-prevention/" rel="noopener noreferrer nofollow">second time Sweeney’s X account has been hijacked</a> to promote a cryptocurrency. Back in January, hackers breached her account to promote another Solana-based token, MILK, which currently holds a market cap of $1 million.
<h2 id="span-style-font-weight-400-celebs-and-crypto-span">Celebs and Crypto</h2>
The hacking of Sweeney’s account comes amidst a trend of minor celebrities turning to promote cryptocurrency tokens. Media personality Caitlyn Jenner and rapper Iggy Azalea have both launched and supported Solana-based memecoins. These efforts initially involved memecoin collaborator Sahil Arora. Other celebrities, such as American rapper “Rich the Kid,” Nigerian singer David Adedeji Adeleke Oon, and boxing legend Floyd Mayweather, have also seen token launches promoted from their X accounts.
Among these celebrity-endorsed tokens, <a href="https://thecoinrise.com/wintermute-ceo-criticizes-ethereums-leadership-amidst-memecoin-controversy/" rel="noopener noreferrer nofollow">Azalea’s MOTHER token</a> has been the standout performer, reaching a peak market cap of $148.9 million. However, it too has faced significant volatility, with nearly $100 million shaved off its market cap since its peak, according to CoinGecko data.
The post <a href="https://thecoinrise.com/sydney-sweeney-x-account-hacked-scam-coin-promoted/" rel="noopener noreferrer nofollow">Sydney Sweeney X Account Hacked: Scam Coin Promoted</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Sydney Sweeney X Account Hacked: Scam Coin Promoted

Spis treści

TheCoinrise Media

Inne artykuły opublikowane 3 lip 2024

Transactions Fees on KuCoin to Incur 7.5% VAT for Nigerian Users

Reasons To Buy Artificial Superintelligence Alliance Token as FET, OCEAN and AGIX Exit

Announcement: Property Purchase Using Axioma Token

BlockDAG Ascends To $55.4M In Presale: The Crypto Phoenix Rising from Litecoin and Render’s Ashes

Oasys and Celer Partner to Introduce Bridged USDC Standard Support

South Korea Issues New Investor Protection Regulations: What It Means for Crypto Investors

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!