The X profile of Wiz Khalifa was hacked to promote a memecoin scam, deceiving millions of fans via the “WIZ” token. The event raised the alarm about online security and the risks associated with cryptocurrencies.
Let’s see all the details in this article.
The hack and memecoin scam of rapper Wiz Khalifa’s X profile, millions of followers deceived thanks to the fictitious token
The recent cyberattack on Wiz Khalifa’s social account growing risks associated with the misuse of public profiles to crypto scams.
On November 3, the American rapper saw his account compromised by hackers who were promoting a fake memecoin, called “WIZ,” among his 35.7 million followers.
This type of incident not only exposes online security vulnerabilities, but raises questions about the economic risks faced by celebrity fans and investors.
The episode began with a now-deleted post, in which hackers, posing as Khalifa, claimed to be working with a team to launch the WIZ token, intended for everyone. cryptocurrency passionate.
The digital currency, presented as a special opportunity for fans, immediately attracted attention.
The interest generated by Wiz Khalifa’s (apparently) direct involvement led to an explosive increase in the memecoin’s valuation, which reached a peak of $3.4 million within 15 minutes of launch.
However, as soon as the first buyers started selling their tokens, the value of the coin saw a drastic drop, reaching less than $28,000. According to DEX Screener, the current value of the token is approximately $8,400.
Data from Solscan reveals that the two major wallets involved purchased over 155 million WIZ tokens at the time of launch, investing approximately $19,100.
Subsequently, the same wallets sold the coins, obtaining an overall profit of approximately $160,000.
These sales triggered a decline in the value of the currency, leading to huge losses for small investors who had purchased the token at the initial high.
The hack scheme and the reactions of the crypto community
Although the identity of the hacker remains unknown, the blockchain investigator ZachXBT suggested that the same individual could be responsible for a similar attack on October 29.
That day, account Andy Ayreydeveloper of Truth Terminal, has been compromised. Even on this occasion, the hacker exploited the hacked profile to promote fake memecoins, earning approximately $1.5 million in illicit profits.
“Do not buy the WIZ Khalifa Pump Fun token,” ZachXBT warned via a message in his public Telegram group, trying to alert the cryptocurrency community about the risk of participating in suspicious operations.
His report helped disseminate awareness about the risks associated with unverified investments and the need to be extremely careful with tokens promoted on social media.
The connection with Truth Terminal and the GOAT affair
Also, Truth Terminal is an AI bot known in the crypto industry for creating the memecoin Goatseus Maximus (GOAT), which in the past reached a valuation of $940 million.
Even though the current valuation has dropped by 39%, GOAT remains one of the most talked about memecoins.
However, Truth Terminal’s association with other Bull Memecoin Bear scams has raised questions about the integrity of these projects and the risks of AI technologies being abused in the cryptocurrency industry.
Similarly, the breach of Wiz Khalifa’s account and promotion of the WIZ memecoin represents an example of the risks that cryptocurrencies carry, particularly when associated with celebrities without their consent.
Investors are lured by the illusion of being able to win quickly, but often end up suffering. serious economic losses.
Additionally, episodes like this highlight the importance of stricter security measures for social profiles and greater awareness of possible scams.
Wiz Khalifa’s story raises questions about how social media can be used (or exploited) to promote risky financial products.
With a growing number of similar cases, it is clear that the cryptocurrency industry needs stricter regulations to protect users from scams.
At the same time, social platforms may need to implement advanced security measures to prevent the accounts of influential people from being stolen.