On February 26, in a plot twist that could only be rivaled by a soap opera, hackers managed to infiltrate the memecoin platform Pump.fun’s X account. This incident raised eyebrows and questions about security at a time when memecoins are already teetering on the edge of absurdity. Who knew digital coins could be so dramatic?
Fear not, dear reader! The platform has since regained control over its X account. Pump.fun reassured everyone that it’s unlikely any of its staff are to blame, as they were diligently following “industry best-practices.” Because, of course, best practices are the magic words that make everything okay. 🪄
According to blockchain detectives like ZachXBT (yes, that’s a real name), the attack might have been the handiwork of the same hackers who have been busy causing chaos elsewhere. It’s like a bad sequel to a movie that nobody wanted in the first place.
While the Pump.fun incident wrapped up faster than a cat video on the internet, memecoins are now under the microscope, and security issues are the hot topic of the day. Who knew that digital coins could be so… vulnerable?
Pump.fun Hackers: The Gift That Keeps on Giving (Scandals)
After their grand entrance into Pump.fun’s X account, the hackers wasted no time in offering a fake governance token to unsuspecting victims, cheekily claiming that “democracy has never been this degen.” Oh, the irony! 😏
Blockchain investigator ZachXBT was quick to sound the alarm, warning users to steer clear of the X page and avoid any links like they were the plague. He also traced the hackers back to previous mischief, including exploits involving the Solana-based decentralized exchange Jupiter DAO and the infamous memecoin DogWifCoin. It’s like a digital game of whack-a-mole!
In a twist of fate, ZachXBT noted, “Notably for these attacks, it is likely not the fault of either the Pump Fun or Jupiter teams.” So, it’s not you, it’s them? Classic!
After regaining access, Pump.fun took to X to explain their security measures. They claimed that no messages were sent regarding changes to two-factor authentication (2FA), email, passwords, or delegation. It’s like saying, “We locked the door, but someone still snuck in through the window.”
They also boasted about their safeguards, including physical 2FA backups and regularly changing complex passwords. Because who doesn’t love a good password reset? 🔑
Pump.fun’s latest update promised to “continue to monitor the situation.” Because nothing says “we’re on top of it” like a vague promise to keep an eye out.
The hack of Pump.fun’s social media is just the latest in a series of phishing attacks that have become as common as cat memes on the internet. Cryptocurrency exchange Bybit was also a victim of a phishing attack, where the notorious North Korean hacker group Lazarus managed to steal over $1.4 billion in Ether (ETH). Talk about a heist worthy of a Hollywood blockbuster!
Memecoins: The Wild West of Cryptocurrency
Memecoins, those whimsical digital currencies that pop up faster than you can say “to the moon,” have become prime targets for phishing attacks and scandals. They launch amid a frenzy of investors hoping to make a quick buck before disappearing into the ether. It’s like a digital carnival ride that leaves you dizzy and broke!
As reported by CryptoMoon, several crypto data aggregators listing the Central African Republic (CAR) memecoin were inadvertently directing users to phishing sites. Oops! 😬
This was particularly problematic since Central African Republic President Faustin-Archange Touadéra seemed to endorse the token, claiming it would “unite people and support national development.” Talk about a political endorsement gone wrong!
As of
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2025-02-27 18:09