Worryingly, a wave of hacks has hit the social media accounts of high-profile cryptocurrency influencers and celebrities, leading to the promotion of various coins including Luna 2.0 and ORDI, raising suspicions of a coordinated attack.
GCR hack and its limited impact
One famous victim of this hack was Gigantic-Cassocked-Rebirth (GCR), a prominent cryptocurrency investor known for his unconventional trading. Despite the hack, ORDI and Luna’s 2.0 shilling gains were relatively small, sparking speculation about the motivations behind the token selection.
Source: GCR
The GCR account incident is a warning sign to the broader crypto community that celebrity accounts may be subject to broader attacks. Bitcoin developer Udi Wertheimer stressed the need for caution, especially with the rise of meme coins and the absence of platform engineers during the holidays.
Memecoin Effort by Rich The Kid
American rapper Rich The Kid got involved in the cryptocurrency craze after his account posted a link to buy the “RICH” token, created through the Solana memecoin platform Pump.fun. Despite the rapid rise in market capitalization, questions remain about the legitimacy of the post and whether Rich The Kid’s account was compromised.
Source: rich kid
JENNER Token Promotion: Real or Deepfake?
Meanwhile, the emergence of “Jenner” meme coins promoted through Caitlyn Jenner’s account has added another layer of intrigue to the ongoing saga. There has been speculation about the authenticity of Jenner’s endorsement and debate over the possibility of deepfakes being involved.
Source: Rory’s Moonshot
While doubts remain, videos of Jenner and her manager confirm the legitimacy of the posts and videos promoting Jenner’s tokens. Despite the assurances, doubts remain, especially in relation to other coins such as RICH, DOLL, and SOULJA.
Jenner manager Sophia Hutchins attempted to clarify the situation in the X space, claiming that the team lacked understanding about the relationship between JENNER and other tokens. This attempt at disengagement was intended to quell concerns about potential foul play.
final thoughts
Amid the chaos caused by the recent surge in social media hacks within the crypto community, staying vigilant is absolutely crucial. Influencers and celebrities, albeit unintentionally, have become conduits for token endorsements, making it imperative for users to exercise caution and research thoroughly before committing to an investment. Being acutely aware of security risks can go a long way in mitigating the blow of potential breaches and ensuring investment is protected in an unpredictable crypto environment.
