Scammers Target Crypto Influencers X Accounts to Promote Memecoin Related Info

Scammers have targeted popular crypto influencers on X (Twitter) with the acronym GCR, on late Sunday. His compromised X account carried a post predicting the price of the ORDI token, causing brief price surges.

The hacker apparently posted promotional content on ORDI and Luna 2.0 tokens, resulting in momentary price increases.

GCR later confirmed the hack, asking followers to ignore any promotional posts.

https://twitter.com/GiganticRebirth/status/1794790262633611711

Interestingly, he believes that someone was “bribed” at X.com to provide his log-in credentials, causing a security breach.

“Was notified 2 months ago by someone affiliated with Twitter that bribes were had been made to get access to my account, and beefed-up security then. He wrote. “But there can’t be any security if X employees take money for admin access.”

https://twitter.com/GiganticRebirth/status/1794811343725293895

Following the hacker’s post, the price of ORDI climbed from around $40 to $44. However, the rally was short-lived and the price fell back. The token is trading at $40 at the time of writing. Additionally, Luna 2.0 soared 274% momentarily.

Observers’ Predictions

GCR’s heads-up on the hack has caught the eyes of several crypto observers who predicted the possible motive of the hack.

For instance, Bitcoin developer and an observer Udi Wertheimer has predicted that GRC’s X account hack could be a part of a wider scam targeting celebrities and crypto influencers.

“As more niche celebs are popping up by the minute launching meme coins — on a long weekend when platform engineers are away — I recommend that you guys be very careful,” he warned.

GCR already told us today that there’s an operation going on hacking big twitter accounts

as more niche celebs are popping up by the minute launching meme coins — on a long weekend when platform engineers are away — i recommend that you guys be very careful

— Udi | BIP-420 🐱 (@udiWertheimer) May 26, 2024

Additionally, popular Chinese crypto blogger Colin Wu noted that the hacker “established positions on OKX and Binance 6 minutes in advance.”

Well-known trader GCR X’s account was stolen. Hackers released bullish and heavy position information on ORDI, causing ODRI to rise from around 38 USDT to 44.5 USDT in the short term. The hacker established positions on OKX and Binance 6 minutes in advance.…

— Wu Blockchain (@WuBlockchain) May 27, 2024

Another crypto analyst Miles Deutscher commented that GCR’s hacker “fumbled the bag hard.”

“Bro could’ve picked any believable micro-cap to pump 10-20x, yet chose to shill ORDI and LUNA2 for a measly 10% wick.”

GCR hacker fumbled the bag hard.

Bro could've picked ANY believable micro cap to pump 10-20x, yet chose to shill ORDI and LUNA2 for a measly 10% wick.😂 pic.twitter.com/jy3cR6ZJwr

— Miles Deutscher (@milesdeutscher) May 26, 2024

Celebrity Crypto influencers’ X Accounts Hacked

Previously, American rapper “Rich The Kid” posted a link to buy a new token RICH, launched on the Solana memecoin creation platform – pump.fun. According to DEX Screener data, the token’s market value reached $90,000 in the first two hours of its release.

However, the post was later deleted and no official statement from Rich The Kid management was made confirming that it was a hack.

Parallely, American media celebrity Caitlyn Jenner’s X account promoted a new memecoin JENNER, also on pump.fun platform. Apparently, the token accumulated a market value of $4.7 million since its launch. Given the token’s sudden surge, many believed it to be a hack.

Jenner again strongly promoted that coin few hours ago, asking followers to ignore influencers who told not to buy JENNER token. “They want you to stay broke,” her recent post read.

https://twitter.com/barkmeta/status/1794939388717310158