Drake’s X Account Hacked to Promote Fake Meme Coin Anita

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As a seasoned crypto investor with over a decade of experience in navigating the digital asset landscape, I’ve seen it all – from the dizzying highs to the gut-wrenching lows. The recent hack of Drake’s X account promoting a fake meme coin is yet another reminder that the crypto world can be treacherous waters.

Drake, the globally recognized rapper, has recently found his old Twitter account being exploited to propagate a phony meme cryptocurrency.

The now-deleted fraudulent post underscores the growing number of scams targeting high-profile accounts on the platform.

Drake’s Hacked Account Highlights Rising Crypto Scams on X

On December 14th, blockchain detective ZachXBT discovered and exposed a security issue. It turned out that the cryptocurrency account associated with Drake (known as Drake’s X account) had been exploited for promoting a fraudulent meme coin named “Anita.

The cybercriminals deceptively asserted that the cryptocurrency was jointly created with Stake, a gaming enterprise Drake has been associated with publicly since 2022. The post contained a smart contract address and advertising content, adding a veneer of legitimacy to the fraudulent scheme.

It seems that Drake’s well-known fascination with cryptocurrencies may have given the deceit more credibility. Fortunately, the false information has been taken down, and the account associated with the meme coin has been temporarily shut down.

Experts have pointed out that the recent incident serves as a stark warning about the increasing number of cryptocurrency scams on platform X. Over the last few weeks, many prominent accounts, including those associated with organizations such as the Cardano Foundation, have been targeted and manipulated. These instances typically aim to give an air of authenticity to counterfeit tokens or fraudulent airdrops.

Furthermore, it’s been highlighted by blockchain security specialist Scam Sniffer that the number of deceptive crypto accounts on platform X has escalated dramatically, now reaching approximately 300 per day – a significant increase from the 160 daily in November. The firm has emphasized that these fraudsters frequently pose as influencers to entice users into joining misleading Telegram groups.

Inside, victims are told to confirm their identity through an assistant called OfficialSafeguardBot. This helpful-seeming assistant employs manipulative strategies to induce a sense of urgency and coerce users into performing potentially damaging actions.

During the authentication phase, the bot surreptitiously introduces harmful software into the user’s clipboard. Execution of this software would result in the installation of malware specifically designed for accessing cryptocurrency wallets and stealing confidential data. As reported by Scam Sniffer, this malware – detected by VirusTotal – has already been linked to multiple confirmed cases of private key theft.

This trend reflects a new and more dangerous phase of crypto scams, combining phishing, malware deployment, and social engineering. Users are urged to remain vigilant and avoid engaging with suspicious crypto offers or accounts.

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2024-12-16 01:22