Jupiter Exchange takes up x account according to the hacking

Jupiter, a decentralized trade aggregator based in Solana, had briefly compromised his X account, the attacker using it to promote scams, leading to market turbulence.

The team has since resumed the control of the page, confirming that no customer funds have been assigned.

Piracy leads to the promotion of the token scam

The drama started in the early hours of February 6 when an unknown striker resumed Jupiter’s X account, who has more than half a million followers. They then started publishing on a newly launched meth piece called $ Meow, with the name of the pseudonym of the co-founder of the platform, Meow.

Chain files show that a few minutes after promotion, the market value of the false token exceeded $ 20 million because it attracted without distrust. However, the bad actor quickly drained his liquidity pool, leaving traders unable to sell their assets.

Interestingly, as panic started to spread, the attacker doubled on his diagram, using the Jupiter handle to push another token, Dcoin.

Shortly after, a related page, Jupiterdao, expressed a warning, urging users not to interact with the fraudulent publications of the main compromise account. “Do not click on any link. Do not copy that, ”he warned. Nevertheless, the damage had already been caused, with the price of the Jupiter’s native jup token 12% shortly after the news of the hack.

The team member, Ben Liew, also brought to X, telling the subscribers they worked with different unpertified parts to recover the profile. A few hours later, the exchange announced that it had regained control of its handle. He also reassured users that all customer funds and cash securities were secured because they are stored in multisig wallets. In addition, he pointed out that no other communication channel had been raped, the incident isolated at X.

The co-founder of Jupiter, Meow, later revealed that they had traveled with another member of the key team, Mei, at the same time when the attack occurred. However, Mei was inaccessible due to bad Wi-Fi signals, delaying the initial response to the situation.

X Hacks are becoming more and more widespread

This is not the first time that hackers have targeted the social canal of an eminent entity or cryptographic personality. In the past two months only, there have been many cases of this type, including an attack on the old government’s efficiency ministry (DOGE), co-directed the X account of Vivek Ramaswamy in last December. On this occasion, the pirates announced a false partnership between the working group and the usual Stablecoin project, increasing its native token at a price of all time by $ 1.61.

In a more recent incident, the bad players have strengthened with the social stories of three crypto projects, provident companies, Holoworld AI and Litecoin, by using them to promote a host of false tokens. Another criminal also hacked the Nasdaq Twitter page to push a false piece of memes called Stonks, with its market capitalization blowing up to 80 million dollars before the crooks pulled the carpet under the feet of unconscious investors.