As a seasoned analyst with years of experience in the ever-evolving world of cryptocurrencies, I find myself often reminded of the wild west nature of this digital frontier. The recent incident involving Wiz Khalifa’s account being hacked to promote the pump.fun meme coin, WIZ, is yet another example of the risks that come with this territory.
It’s said that the social media account of rapper Wiz Khalifa, specifically on the platform X, was allegedly taken over by scammers. These scammers are believed to have used a meme coin called WIZ, which is based on pump.fun, in an attempt to deceive people. ZachXBT speculates that this could be the same hacker who previously took control of the account belonging to the founder of Truth Terminal on X.
On November 4th, blockchain researcher ZachXBT posted a screenshot in a Telegram channel of a message that had been deleted from an account associated with American rapper Wiz Khalifa (X). This account boasts approximately 35.7 million followers at present.
ZachXBT advised traders to be cautious when considering the purchase of the meme coin WIZ from pump.fun, since he suspects that the rapper’s account may have been compromised by a fraudster intent on peddling counterfeit meme coins.
ZachXBT warned in his Telegram group that you should not purchase the Wiz Khalifa pump token, as it’s likely to be another hacker who previously compromised Andy Ayrey (the creator of Truth Terminal).
In a now-removed post on X, the hacker posted from Wiz Khalifa’s account that they had been collaborating with their team to unveil $WIZ for crypto enthusiasts. Subsequently, the account provided a link to pump.fun, a meme coin built on Solana (SOL), inviting followers to purchase it.
According to information from DEX Screener, the price of WIZ meme coin skyrocketed nearly 2,000% and its market value peaked over $2.5 million within the first quarter-hour of launch. But within an hour, the market cap of this memecoin plummeted below $28,000 as initial investors started selling large amounts of the token.
Right now, as I’m typing this, the value of WIZ has dropped over 90% within the last 24 hours. As for pump.fun, its current market capitalization is approximately $7,900, based on information gathered from DEX Screener.
Following the removal of meme coin-related content from my analysis, I’ve noticed no subsequent updates on Wiz Khalifa’s account that clarify if the rapper himself or his team has reclaimed ownership of the account.
Despite the fact that the true identity of the hacker remains undisclosed, self-proclaimed blockchain detective ZachXBT speculates that the culprit behind the takeover of Truth Terminal developer Andy Ayrey’s account could be the same individual responsible for the incident.
On October 29th, crypto swindlers seized control of the X account belonging to Andy Ayrey, creator of Truth Terminal, and exploited it to peddle a questionable meme coin. They amassed approximately $600,000 by using the account to publicize a token known as Infinite Backrooms (IB).
The token came to be known as the Truth Terminal, which was initially inspired by an AI chatroom experiment that eventually gave birth to the AI-driven X account. Scammers advertised a pre-launch airdrop of this token to anyone willing to spread the word about their Telegram group. (Paraphrased using simpler language and clearer structure)
On November 1st, I penned down a post addressing the suspicious takeover of the X account. In my hopes, I expressed that the perpetrators might have dropped some IB tokens into my digital wallet through an airdrop, but it seems I only received imitations instead. To shed light on this matter and potentially prevent further scams, I inquired crypto wallet investigators if they could supply a list of known scammer wallets to block.
Is anyone knowledgeable about tracking down digital wallets used by scammers? If so, could they possibly share a list of these wallets to prevent them from gaining benefits in any future actions we might undertake?” – This way.
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2024-11-04 12:39