Hackers Target Rap Star Drake's X Account to Promote Fraudulent Meme Coin 'Anita'

Rap star Drake's official X account was compromised today, with the hacker using it to promote a fraudulent meme coin called “Anita,” as reported by blockchain sleuth ZachXBT.

Key Takeaways

* Drake’s official X account was hacked to promote a fake meme coin called “Anita.”

* The hackers claimed the token was created in partnership with Stake, a gambling platform Drake has a long-standing relationship with.

* The posts included the token’s contract address and a project-related character before being deleted. Drake's official X account was later suspended.

* Drake has shown support for digital assets in the past, sharing a post on his Instagram featuring Michael Saylor's remarks on Bitcoin.

* The artist recently faced allegations from a 20-year-old social media influencer who claimed to have lost $2 million in a crypto investment deal that Drake and an individual known as Top5 allegedly failed to follow through on.

* Scammers commonly use hacked social media accounts to promote fake projects or tokens in the crypto space, targeting high-profile individuals and brands to create a veneer of legitimacy for their scams.

* In October, the X account of Truth Terminal’s founder, Andy Ayrey, was hacked to promote a token called “IB,” netting the attackers $600 million in profits.

* Last week, the Cardano Foundation’s X account was compromised, with the attackers posting false information about an SEC lawsuit and promoting a scam token.