Scammers Promote $MBAPPE After Twitter Hack

 
Ritu Lavania
Written By 
Ritu Lavania
August 29, 2024

On Thursday, crypto scammers released and promoted token, $MBAPPE token after hacking French football star Kylian Mbappe’s Twitter . The promotional tweets for $MBAPPE  are now been deleted. Following the hack, the market value of $MBAPPE tokens soared to tens of millions in a few minutes before quickly plummeting to zero.

Journalist Colin Wu reported that a invested 2 SOL, about $286, into the token and then sold it at its peak, securing a profit of around 1,398 SOL worth $200,000.

One of the crypto investors fell prey to the scam and lost over $1 million in just an hour on Thursday, after buying the token.

Hackers used Mbappe’s twitter for posting multiple promotions for the token ‘$MBAPPE’ that was created using Solana-based memecoin deployer Pump.fun, a platform for creating and launching memecoin in an easy and quick manner.

Minutes after the promotional tweets, crypto twitter discovered that the ‘MBAPPE’ token quickly spiked before going down to zero within moments. This suspicious act led to people seeing through the hack and raising alarms with regard to the matter. The posts have since been deleted.

A on twitter claimed that according to this graph, the person who hacked Mbappe’s made nearly $100k in an hour from the crypto scam. 

MBAPPE Token Graph. via Twitter : @StokeyyG2

 

Apart from carrying out the massive crypto heist, the hacker had the time of his life by shitposting and leaving Twitter in splits.

Hackers tweeting after taking over Mbappe’s .

 

This is not the first time, Mbappe’s was compromised to execute a dubious scam. Back in 2019 and 2020, hackers promoted Bitcoin, to coerce investors with false promises of quick gains using the footballer’s Twitter . Crypto hacks are on rise, and there’s no doubt about it. In fact, in July alone, 16 crypto hacks resulted in a whopping loss of $266 Million.

Also Read: NFT Scammers Hack Official Twitter of the University of the Philippines

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.