Hackers hijack celebrity Instagrams to push fake crypto
The post Hackers hijack celebrity Instagrams to push fake crypto appeared on BitcoinEthereumNews.com. Scammers have continued to work over time in the crypto space, trying to take advantage of the recent market boom to make illicit funds. According to a new update, Instagram accounts belonging to several celebrities have been hijacked to promote a crypto scam token. Reports claim that Instagram accounts owned and managed by popular musicians like Adele, Tyla, Future, and the late Michael Jackson were hacked to promote an unaffiliated Solana meme coin. The hacker used the Instagram to share now-deleted posts of an AI-created image of Future holding an oversized coin with the inscription “FREEBANDZ.” The brand shares a connection to the rapper, representing his record label and clothing line. Coincidentally, FREEBANDZ is also the name of the Solana meme coin promoted by the scammers. Fake Solana coin hits $900K before 98% crash Future’s account is no longer active on Instagram, with the popular music artist first deleting all his posts on the platform earlier this year. While his account was one of those that was breached to promote the fake token, users have noted that it has now been fully deleted. In addition, records show that the cryptocurrency does not appear to have any links or connections to Future or any of his brands. According to records, the Solana token was launched on Pump.fun, with the meme coin briefly rising to hit an all-time high market cap of about $900,000 before dropping by nearly 98% to $20,000. After the token’s rise, the creator, with a Solana address ending in “zcmPHn”, dumped more than 700 million tokens or about 70% of the total supply on a single transaction. That single act sent the price of the token crashing. The scammer, who shares a connection to whoever hacked the Instagram account of the celebrities, was able to walk away with…
The post Hackers hijack celebrity Instagrams to push fake crypto appeared on BitcoinEthereumNews.com.
Scammers have continued to work over time in the crypto space, trying to take advantage of the recent market boom to make illicit funds. According to a new update, Instagram accounts belonging to several celebrities have been hijacked to promote a crypto scam token. Reports claim that Instagram accounts owned and managed by popular musicians like Adele, Tyla, Future, and the late Michael Jackson were hacked to promote an unaffiliated Solana meme coin. The hacker used the Instagram to share now-deleted posts of an AI-created image of Future holding an oversized coin with the inscription “FREEBANDZ.” The brand shares a connection to the rapper, representing his record label and clothing line. Coincidentally, FREEBANDZ is also the name of the Solana meme coin promoted by the scammers. Fake Solana coin hits $900K before 98% crash Future’s account is no longer active on Instagram, with the popular music artist first deleting all his posts on the platform earlier this year. While his account was one of those that was breached to promote the fake token, users have noted that it has now been fully deleted. In addition, records show that the cryptocurrency does not appear to have any links or connections to Future or any of his brands. According to records, the Solana token was launched on Pump.fun, with the meme coin briefly rising to hit an all-time high market cap of about $900,000 before dropping by nearly 98% to $20,000. After the token’s rise, the creator, with a Solana address ending in “zcmPHn”, dumped more than 700 million tokens or about 70% of the total supply on a single transaction. That single act sent the price of the token crashing. The scammer, who shares a connection to whoever hacked the Instagram account of the celebrities, was able to walk away with…
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