The official account X (formerly Twitter) of the Saudi law conference was compromised Monday in a coordinated cyber attack.
The pirates exploited the platform to promote pieces of fraudulent memes, deceiving potential investors with misleading information.
The SAUDI LAW account pirated conference for the currency
On February 17, the crooks usurped the identity of the crown prince of Saudi Arabia and Prime Minister, HRH Mohammed Bin Salman. They posted several Tweets announcing newly launched cryptocurrencieswrongly associating them with the Saudi government.
The tokens included The same play in Saudi Arabia (KSA) and the same Falcon play (FLCN).
Nevertheless, the community remained skeptical about the project.
“There have been countless scams Under the official names of the government and that will be another, ” poster A user on X.
Users have also warned others to stay away from Corners.
“The crown prince of Saudi Arabia, Mohammed Bin Salman will never make the same, and he has no account on X. This is a scam!” wrote Another user.
As expected, the two tokens were taken from carpets shortly after the launch. According to Dexscreener data, KSA fall by 93.71% after the launch. In the meantime, FLCN depreciated by 95.90%. In addition, the official FLCN website has been removed.
That’s not all. The pirates also announced the launch of the “official play of Arabia” at 3:00 pm UTC. However, the account was recovered before the planned launch and all fraudulent tweets have been deleted.
Following the incident, the Saudi law conference published an official declaration via Linkedin.
“The management of the conference announces that the official account of the Saudi law conference (@SaudiilawConf) was exposed to a violation. Any content currently published from the account which does not reflect our point of view or our official instructions must be ignored ”, the declaration read.
The Saudi law conference also confirmed that they were actively working to restore the compromise account. They urged everyone to be cautious and refrain from engaging with any suspicious content.
The hack comes a few days later The president of Argentina, Javier Milei, retracted his approval From the same scale after being linked to a pump and rescue scheme. This led to a drain of $ 107 million and a drop in prices of 90%.
Meanwhile, the hacking of X accounts to promote the false coins is not entirely new. This last attack adds to the Increasing number of hacks And the carpet has been shooting in recent weeks. Last week, co-founder of World Liberty Financial Zach Witkoff’s account was hacked To promote a false piece of memes Barron Trump.
Previously, some attackers also resumed the accounts of Former Malaysian Prime Minister Mahathir Mohamad And Former president of Brazil Jair Bolsonaro To promote pieces of fraudulent memes.
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