Hacked X and Insta accounts used for Pump Fun rug pulls
In recent months, a total of $3.5 million worth of SOL has been raised by Pump Fun-based memecoins after being promoted via hacked X and Instagram accounts. Scammers targeted accounts belonging to businesses and celebrities such as McDonald’s, Usher, and Wiz Khalifa. They used their wide reach to tease a token’s ticker or contract address, or simply link to a token’s Pump Fun page. Blockchain investigator ZachXBT has traced the initial funding of each of the 16 tokens on the Solana-based launchpad, connecting each incident to funds raised from the preceding scams. 1/ Over the past few months I have been tracking a series of related compromises for McDonald’s, Usher, Kabosu Owner, Andy Ayrey, Wiz Khalifa, SPX 6900, etc on X & IG which has resulted in an estimated $3.5M+ stolen via launching Pump Fun meme coins. pic.twitter.com/ViZeHzQy5b — ZachXBT (@zachxbt) November 26, 2024 Read more: ‘Thanks for the 20 bandos!’ Teen behind QUANT rug pull misses out o...