Crypto Scam Alert: @TrumpDailyPosts Hacked to Pump Fake Meme Coins

The post Crypto Scam Alert: @TrumpDailyPosts Hacked to Pump Fake Meme Coins appeared first on Coinpedia Fintech News

The X account @TrumpDailyPosts has become the target of hackers who used it to spread several fake meme coin addresses.

The hacked account has continued to promote several fake meme coins, and the $POWER token among them. A Web3 anti-scam platform, Scam Sniffer, reveals that hackers are creating and deleting posts related to scams. Again, potential users should be wary about credibility and always cross-check any investment promise that comes from the account.

It connects to another large scale fraud association

It has even been discovered that the gas source of the creator of the address for the fake $POWER token is the same platform that was involved in another recent hack on the MetaMask co-founder’s Farcaster account.

In that case, hackers were advertising meme coins and were accused of making more than 1,000 SOL. This seems to be well orchestrated by a professional cyber-criminal gang that is now focusing on high-profile crypto characters and organizations.

This is becoming a growing threat in the Crypto Space

It is concerning that scammers have taken to social media accounts to pump scam tokens. The incredibility of followers can again be detrimental as hackers take advantage of famous accounts and then make lots of money. The @TrumpDailyPosts breach is a reminder that cybercriminals are adapting to newer ways of doing their business through meme coins and social media networks.

Considering such trends, detecting fake and scams increases mobile platforms and their users should take action against these threats. Users should be careful with these meme coins as they search for energetic revenues for their pools; security is more important than gain.