SAUDI LAW CONFERENCE X Pirated account to promote fraudulent memecoins

In a shocking cyber attack, the pirates took over the official X account of the Saudi law conference, posing for Crown Prince Mohammed Bin Salman to promote fraudulent cryptocurrencies.

The pirates used the name and image of the Crown Prince to promote two false tokens – “official Saudi Arabia” and “Falcon Mecoin”. They also shared contractual addresses, trying to attract investors.

Red flags!

A major warning panel was the lack of official government announcement. There was also no details on the project tokenomics or any real use.

Another suspicious detail was that the false contract of Saudi Arabia even was created on February 10 – more than a week before the supposed “official” announcement. The token was launched on the solana Pump.Fun solecoin platform but failed to gain ground, reaching only $ 7,489 in market capitalization.

The Saudi law conference responds to Hack

The Saudi law conference, a major legal event in the country, confirmed that its account X had been hacked. In a Linkedin PostThey clarified that the fraudulent positions did not represent their opinions.

“We confirm that we are urgently working to regain control of the account and to decline all the responsibility of all unauthorized messages carried out during this period. We also apologize to our subscribers for any drawback that it can cause and urge everyone to be cautious and to refrain from engaging with any suspicious content displayed in the account until further notice, ” explained the Saudi Law Conference.

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Mencoin scandals are increasing

This incident is part of an increasing trend in high -level same. Recently, Argentinian president Javier Milei Faced with the controversy after promoting a token called Balance (balance), which then crushed 94% when the initiates withdrew $ 107 million.

The interest of investors for the same has increased, especially after the American president Donald Trump Donald Trump Donald Trump is a former president of the president, businessman and American media personality, who was the 45th President of the United States between 2017 and 2021. Trump obtained a baccalaureate in economics in the University of Pennsylvania In 1968. Trump won the 2016 2016 presidential election as a candidate of the Republican Party against the candidate of the Democratic Party Hillary Clinton while losing the popular vote. As president, Trump ordered the ban on traveling to citizens in several Muslim majority countries, has diverted military funding towards the construction of a wall on the American-Mexican border and has implemented a policy of separation of separation from families. Trump has remained an eminent figure of the Republican Party and is considered a probable candidate for the 2024 presidential election President Launched the “Trump (Trump) official” January 18, followed by Melania Trump “Melania same (Melania)” January 19. However, the Trump token fell 76% compared to its peak, while the Melania token dived 90%.

The hacking of the Saudi law conference highlights the growing risks of cryptographic scams, while fraudsters continue to exploit public figures to mislead investors.