WizKhalifa’sTwitteraccountappearstohavebeenhackedinanattempttopushafraudulentcoinontounsuspectingfollowers.
Inasince-deletedpost,hackersusedWiz’saccounttoshillanewtoken,promptingquickreactionsfromthecryptocommunity.
On-chaininvestigatorZachXBTwasthefirsttorespond,warningusers,“Donotbuythis,hisaccountishacked.”Headdedthat,“It’sthesamescammerwhohackedAndyAyreyrecently.”
SIMswapattackleadstomajorscam
Ayrey,thecreatorofTruthTerminal—acryptocurrencybotpoweredbyAI—washackedjustdaysbefore.HisTwitter(X)accountwascompromised,allowinghackerstopromoteafraudulentmemetokenandpulloffamassivepump-and-dump.
ThisrecentbreachinvolvingWiz’saccounthasdeepenedconcernsaroundsecurity,especiallygiventhetacticshackersareusingtoexploithigh-profileaccountsincrypto.
ThehackersusedaSIMswaptotakeoverAyrey’saccount.ASIMswapletshackersgaincontrolofavictim’sphonenumber,whichtheythenusetoresetpasswordsandaccesslinkedaccounts.
Onceinsidetheaccount,hackerspromotedatokencalledInfiniteBackrooms(IB),hypingitenoughtosenditsmarketcapsoaringto$25millioninamatterofhours.
Inthisscheme,hackersinitiallybought124.6millionIBtokensforabout$38,400.AsthepromotiononAyrey’saccountcausedthepricetospike,theyquicklydumpedtheirtokens,makingoffwith$602,500within45minutes.
Afterthedamagewasdone,allpostsrelatedtothescamwerewipedfromAyrey’saccount,butbythen,itwastoolateforaffectedinvestors.
ThehackleftAyrey’sportfolioandthewidermemecoinmarketinshambles.TruthTerminal,knownforholdingmillionsinmemecoins,tookahardhit.OneofthemostaffectedwasGOAT,aSolana-basedmemecointhathadbeengainingtraction.
Thetoken’spriceplummetedby34.5%followingthehack.GOAThadbeentradingatahighof$0.8788justtendayspriorbuttankedto$0.4686,signalinghowinvestortrustinmemecoinstookablowduetothisincident.
cryptopolitan.com