Here is the summary of reports coming out:
Nasdaq’s official X (formerly Twitter) account was hacked and used to promote a fraudulent memecoin called STONKS.
- The hacker falsely linked a fake X account as a Nasdaq affiliate and retweeted a post about the token, which had been created the same day.
- The misleading post has since been deleted, and the fake account has been suspended.
The STONKS memecoin was a copycat of an existing token on the Solana blockchain, which owns the intellectual property of the meme. Despite its fraudulent origins, the token’s market capitalization briefly soared to $80 million before crashing.
This attack is part of a broader trend of high-profile X account hacks, where celebrities and institutions have been targeted to promote scam cryptocurrencies. Nasdaq has not yet responded to requests…
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