Crypto Influencers and Celebrities Targeted in Coordinated X Account Hacks

• Multiple high-profile X accounts were hacked to promote various coins, leading to brief price surges. 
• The hackers promoted coins to cause temporary price spikes, with Rich the Kid's promoted token "RICH" reaching a $90K market cap shortly after launch.

Cyber attacks, nowadays, are common in the crypto, blockchain, and the broader Web3 space. While the majority of these attacks are carried out to wipe out funds, many are also targeted with a different motive.

Recently, multiple hacks targeted X (formerly Twitter) accounts of crypto influencers and celebrities to promote various coins, causing brief price spikes.

Among the latest victims is Gigantic-Cassocked-Rebirth (GCR), a pseudonymous cryptocurrency investor known for profiting from contrarian trades. On May 26, GCR’s X account posted about ORDI and Luna2.0, causing their prices to momentarily surge by 6% and 274%, respectively. 

Commenters noted that the hacker could have promoted a microcap coin for greater gains but instead chose to post about the two tokens, resulting in limited profits.

GCR, later, warned his followers on X as well.

Udi Wertheimer, a Bitcoin developer and Ordinals advocate, cautioned that the GCR incident might not be unique. It is part of a larger scheme targeting celebrity X accounts, including mumble rapper Rich the Kid and media personality Caitlyn Jenner.

The X account of American rapper "Rich The Kid" (Dimitri Leslie Roger) shared a link with his 2.3 million followers to purchase the new token "RICH," launched via Solana memecoin creator tool pump.fun. 

According to DEX Screener, the token reached a $90,000 market cap within the first two hours of its launch.

Edited by Harshajit Sarmah