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Cryptocurrency News Articles

Hackers Compromise Drake's X (Formerly Twitter) Account to Promote Fraudulent Solana-Based Memecoin Called "Anita"

Dec 15, 2024 at 11:57 am

Canadian rap superstar Drake's official X (formerly Twitter) account was compromised Saturday night, with hackers using it to promote a fraudulent Solana-based memecoin called "Anita," a play on his cartoon "alter ego," Anita Max Wynn.

Hackers Compromise Drake's X (Formerly Twitter) Account to Promote Fraudulent Solana-Based Memecoin Called "Anita"

Canadian rap superstar Drake’s official X (formerly Twitter) account was compromised Saturday night, with hackers using it to promote a fraudulent Solana-based memecoin.

The scam token, dubbed “Anita,” is named after Drake’s cartoon “alter ego,” Anita Max Wynn. The hackers used Drake’s account to post messages to his over 39 million followers, falsely claiming the token was launched in partnership with Stake, a crypto betting platform with which Drake has a longstanding association.

The fraudulent coin shares a name with the rapper’s upcoming Anita Max Wynn Tour in Australia and New Zealand, further leveraging Drake’s brand to lend credibility to the scam. The name “Anita Max Wynn” itself is a play on the gambling phrase “I need a max win.”

These posts included a contract address for the “$ANITA” token and featured a cartoon character associated with the project, before ultimately being removed.

An associated X account claiming to be the official project page was quickly suspended.

Despite the brief window of promotion, the memecoin saw approximately $5 million in trading volume before traders seemingly recognized the fraud and ceased buying, according to data from DexScreener.

Drake, who has publicly expressed support for digital assets and once shared a post featuring Michael Saylor’s Bitcoin commentary on Instagram, has also recently faced separate allegations from a social media influencer claiming a $2 million loss in a crypto investment deal involving Drake and another individual.

Hacking social media accounts to promote fraudulent projects is a common tactic employed by cybercriminals in the cryptocurrency world. Other celebrity musicians who have fallen victim to similar hacks include Wiz Khalifa, Cardi B, Doja Cat, and Metallica.

By targeting high-profile individuals and brands, scammers attempt to create a veneer of legitimacy for their schemes, exploiting the trust and influence these figures command among their followers.

News source:www.cryptotimes.io

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