Pump Enjoyable’s X account was hacked right now and used to launch a phony “governance token” known as “$PUMP” that rose 517,000,000% in price earlier than crashing 99.9% in minutes.
The platform’s 23-year-old pseudonymous COO, Alon Cohen, posted on X, “account has just been compromised. Please don’t interact.”
The hacked account mentioned, “Introducing $PUMP,” and claimed it was, “The OFFICIAL pump.fun GOVERNANCE token, where Democracy has never been this degen.”
Learn extra: Hacked X and Insta accounts used for Pump Enjoyable rug pulls
It tried to advertise a minimum of two completely different token contact addresses and claimed that Pump Enjoyable would supposedly use 50% of its charges to purchase again the tokens and lock them up for 5 years.
It mentioned the token “will allow holders to vote on platform changes and reward long-time users for being an OG degen.” One token reached a market cap of over $414 billion.
Crypto sleuth ZachXBT claims the hackers are linked on-chain to the Jupiter DAO and DogWifCoin account compromises.
On the present time, all of the fraudulent posts have been deleted besides one the place the hackers seemingly joke that they need to launch a “legit” token known as “hackeddotfun.”
Protos has reached out to Cohen for remark.
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