- The pirates took control of Visa Facebook, promoting a Solana -based token called “Visa”, which jumped before crashing into a possible carpet traction.
- FAFO Barron Same Coin caused 250% after the TRUTH social position by Donald Trump, to lower 28% shortly after, highlighting the volatility of coins.
- The Pump.Fun of Solana’s platform faces criticism to allow scam tokens, with only 0.4% of users benefiting, because a trial targets its operations.
Visa’s official Facebook account has been hacked today, and the account has published information on a Solana -based token called “Visa”. The price of the token jumped and then fell into what could be a clear indication of a carpet shooting scam. On January 27, the pirates took over the visa Facebook page. They deployed it to promote the trading of Solana tokens under the symbol visa. The token suddenly increased in value, then crashed as usual in carpet shooting scams.
Facebook Hack Fallout visa
This is not the first time that corporate social media accounts have been hacked to push false cryptographic companies. Since scams against high-level brands such as Visa continue to be up, the safety of digital platforms is in doubt.
Another token -based token which has also increased as a price is Fafo Barron, after the former American president, Donald Trump, published a photo with the token on his Social Truth Platform. The position pushed the same part to an increase of 250% of the price in just four hours.
Fafo Barron was launched with the help of Pump.fun, a platform that gives users the possibility of launching memes parts on Solana. After Trump’s position, the market capitalization of the play exceeded $ 148,000 in a few hours. However, this wave was short -lived. However, at the time of this report, Fafo Barron had dropped by 28%, which is just a clear indication that memes parts are indeed volatile.
It was not the first time as a piece of the same was going to light up before crashing. Another token called “Barron” was launched on Solana in January. It increased in price shortly after its launch, but then underwent a carpet traction which deleted $ 1 million in market value.
Pump.fun faces legal action
Solana has acquired its reputation as one of the most suitable ecosystems for new and ambitious crypto projects and companies like Pompe.fun. The blockchain allows new AI applications, but most projects like Pump.Fun, allow anyone to create tokens and promote fraud.
Criticism accused Pump.fun of supporting these scamsAnd the company was widely criticized to do so. A report indicates that out of the 14 million users of the platform, 0.4% generated profits of $ 10,000 and more while the others have suffered losses.
The Burwick Act has subject A trial against Pump.fun, saying that the company attacks investors. The company claims that Pump.fun works as a pyramidal regime, and the trial can be followed by a greater legal proceedings against the platform.