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Drake’s X Account Faces Hack to Promote Meme Coin

Drake’s X Account Faces Hack to Promote Meme Coin

Hackers compromised Drake’s official X account to promote a fake meme coin, “Anita,” falsely claiming a partnership with Stake. The posts were deleted, and the project’s X account was swiftly suspended.

According to blockchain expert ZachXBT, Drake’s official X account was compromised today, and the perpetrator exploited it to advertise a fraudulent meme coin named “Anita.”

Drake’s X Account Faces Hack to Promote Meme Coin - Protechbro: Top Stories on Bitcoin, Ethereum, Web3, & Blockchain

The hackers published messages asserting that the token was developed in collaboration with Stake, the wagering platform associated with Drake. Before being removed, the posts contained a contract address and a project-related character. The project’s purported official X account was promptly suspended.

Drake’s X Account Faces Hack to Promote Meme Coin - Protechbro: Top Stories on Bitcoin, Ethereum, Web3, & Blockchain

Drake, who has maintained an association with the crypto gambling platform Stake since 2022, has publicly conveyed his endorsement of digital assets. He had previously shared a post on Instagram that included Michael Saylor’s Bitcoin comments.

A 20-year-old social media influencer recently made allegations against the renowned artist, alleging that they experienced a $2 million loss in a crypto investment transaction.

During a live stream with DJ Akademiks, the influencer claimed that Drake and an individual identified as Top5 did not fulfill the promises associated with this investment.

Cybercriminals in the cryptocurrency industry frequently employ the tactic of hacking social media accounts to advertise fraudulent projects or tokens. Scammers frequently employ high-profile individuals and brands to establish a false sense of legitimacy for their fraudulent schemes.

Andy Ayrey, the proprietor of Truth Terminal, was the target of an attack on his X account in October. The perpetrator exploited the access to promote a token known as “IB” and subsequently made a net profit of $600 million.

The X account of the Cardano Foundation was compromised last week, and the attackers posted false information regarding a purported SEC lawsuit and promoted a fraudulent token.

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