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Cryptocurrency News Articles

Drake's Hacked Instagram Account Used to Promote New Scam Coin ANITA

Dec 16, 2024 at 06:34 pm

Canadian hip-hop mogul Drake had his X account compromised on Dec. 15, with malicious actors using it to promote a meme coin dubbed Anita.

Drake's Hacked Instagram Account Used to Promote New Scam Coin ANITA

Canadian rapper Drake’s X account was hacked on Dec. 15, with the attackers using the account to promote a meme coin called Anita.

The meme coin quickly surged to $4.9 million in volume, largely due to Drake’s 39 million followers believing it to be connected to his upcoming tour, called the Anita Max Wynn tour.

The advertisement claimed that the token was created in conjunction with betting platform Stake, a brand that Drake is known to be associated with.

However, analysis by crypto sleuth Zachxbt and numerous others quickly surmised the meme coin to be a scam.

The situation involving Drake is not unique, with numerous other celebrities also falling victim to similar hacks. In December 2024, Cardi B and Doja Cat suffered similar compromises, while Tik Tok star and podcaster Halley Welch was recently called out by the crypto community for promoting HAWK, which reached $480 million in market cap before crashing and leaving investors and her fans holding the bag.

News source:crypto.news

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Other articles published on Dec 16, 2024