The Twitter hack of Metallica's official account has raised questions about the legitimacy of celebrity tokens on the Solana blockchain.
A recent Twitter hack of Metallica’s official account has sparked疑問 about the validity of celebrity tokens on the Solana blockchain. This incident highlights the risks involved in celebrities endorsing cryptocurrency projects and raises questions about the reliability of Solana as a platform for such ventures. In contrast, a project like Rollblock (RBLK), which is built on the Ethereum blockchain and has a real community, may offer a more stable and trustworthy investment for users.
The घटना occurred on June 26, 2024, when scammers gained access to Metallica’s Twitter account and used it to promote a fraudulent Solana token under the ticker METAL. The scammers posted several misleading announcements, claiming a partnership with Ticketmaster for the launch of the METAL token. These announcements suggested that Metallica fans would receive substantial benefits, such as exclusive discounts and special offers, by purchasing the token.
However, further investigation revealed that there was no collaboration between Metallica and any Solana token. The band’s team quickly noticed the hack and regained control of the account, promptly deleting all posts related to the fraudulent token. This swift response prevented further damage, but the incident raised concerns about the prevalence of scams and the ease with which they can be perpetrated on the Solana blockchain.
After the Twitter hack, Metallica’s account levied accusations against fintech company MoonPay for its alleged involvement in the scam. However, MoonPay chairman Keith Grossman quickly took to X to deny these claims and warn followers about the scam nature of the METAL token.
Despite the fraudulent activity, the broader Solana meme coin market remained largely unaffected, with a market cap of $6.71 billion, up 10% in the past 24 hours. This incident follows another recent event earlier this month when the SOL meme coin HULKAMANIA experienced a significant pump-and-dump that was falsely linked to WWE icon Hulk Hogan. Solana’s blockchain has become a popular avenue for launching meme coins, but this fame also comes with increased risks of hacking and scams. While some celebrities, such as Ben Stiller, actively participate in launching Solana meme coins, others, like Metallica, may become unwilling targets of exploitation. This series of incidents has led to growing concerns about the safety of investments in the Solana blockchain.
In the midst of these crypto scams and hacks, Rollblock (RBLK) emerges as a reliable alternative. This platform is designed to offer a secure and engaging gaming experience in the online casino sector. By utilizing the Ethereum blockchain, Rollblock ensures immutable and traceable transactions, guaranteeing the integrity and transparency of the platform. This provides investors with the assurance that their funds are safe and that all game results are fair.
One striking feature of Rollblock is its revenue-sharing model, which allocates a portion of the casino’s daily winnings to token holders. This not only enhances the value of the $RBLK token but also generates a regular income stream for investors. This dual revenue model provides a more stable and rewarding investment opportunity compared to many other crypto projects.
Moreover, Rollblock does not require KYC, allowing users to effortlessly begin playing and participating in the revenue-sharing model by simply connecting an email address or wallet. This low barrier to entry has resulted in a rapid influx of users and investors, which in turn further amplifies demand for $RBLK tokens.
Additionally, there is a fixed supply of 1 billion $RBLK tokens, with a significant portion allocated to the presale. Rollblock has already garnered immense interest, with millions of tokens being sold in a short duration. Furthermore, a percentage of weekly profits is utilized to buy back and burn $RBLK tokens, further driving up the token’s value.