The X account @TrumpDailyPosts became the target of hackers who used it to spread several fake coin addresses.
The hacked account continued to promote several fake coins, including the $POWER token. A Web3 anti-scam platform, Scam Sniffer, reveals that hackers create and delete scam-related posts. Again, potential users should be wary of credibility and always verify any investment promises coming from the account.
It connects to another large-scale fraud association
It was even discovered that the gas source of the creator of the fake $POWER token address is the same platform that was involved in another recent hack on the Farcaster account of the co-founder of MetaMask.
In this case, the hackers were advertising the meme coins and were accused of making over 1,000 SOL. This appears to be well-orchestrated by a gang of professional cybercriminals who are now focusing on high-profile crypto figures and organizations.
This is becoming a growing threat in the Crypto Space
It is worrying that scammers have taken to social media accounts to pump fraudulent tokens. Unbelievability of followers can again be detrimental as hackers take advantage of famous accounts and then make a lot of money. The @TrumpDailyPosts breach is a reminder that cybercriminals are adapting to new ways of doing business through meme corners and social media.
Given these trends, detection of counterfeits and scams is increasing on mobile platforms and their users should take action against these threats. Users should be careful with these meme coins when seeking energy income for their pools; safety is more important than profit.