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UK cyber security damaged by ‘clumsy Home Office political censorship’

Computer Forensics Company: Computer Forensics Company: Britain’s National Cyber Security Centre secretly censors computer security guidance and drops references to encryption By Duncan Campbell , 2QQ Ltd, Sussex University Published: 06 Mar 2025 19:26 Britain’s National Cyber Security Centre (NCSC) has secretly censored detailed public computer security guidance provided to [...]

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Hacked Nasdaq X Profile Pumps Fake Memecoin—Before Reality Sets In

Computer Forensic Sewa todayJanuary 24, 2025

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Digital Forensics:

2025-01-23T23:41:08.171+02:00

Thursday, 23/01/2025 | 21:41 GMT by
Jared Kirui

  • The hackers reportedly linked the coin to a fake Nasdaq affiliate account and used the Nasdaq profile to retweet a promotional post for the token.

  • The fraudulent post was quickly removed, and the fake account was suspended, but the token’s market cap had already spiked.

In a concerning turn of events, Nasdaq’s official X
(formerly Twitter) account was hijacked to promote a fraudulent cryptocurrency.
The hack involved the promotion of a newly created memecoin called STONKS,
which briefly saw its market value surge to $123 million before crashing, according to CoinMarketCap data.

This latest breach highlights a growing trend of
high-profile account hacks, where institutions and celebrities are increasingly
targeted to push scam digital currencies.

A Trend of Social Media Account Hacks

The STONKS memecoin, which gained attention after
Nasdaq‘s X account was compromised, turned out to be a copycat of an existing
token on the Solana blockchain .

The hackers linked the coin to a fake Nasdaq affiliate
account and used the Nasdaq profile to retweet a promotional post for the
token. The post was quickly removed, and the fraudulent account was suspended,
but not before the memecoin’s market cap spiked.

Someone just hacked the official Nasdaq X account to shill a memecoin: pic.twitter.com/W5jlWUvDHn

— unusual_whales (@unusual_whales) January 23, 2025

Despite its fraudulent nature, the token reached a
brief high of $123 million, only to collapse shortly after. The attack on
Nasdaq’s X account is part of a broader wave of hacks targeting both
high-profile companies and influencers.

Hackers often exploit the massive reach of these
accounts to promote scam cryptocurrencies , particularly Solana-based meme
coins, which have become a favorite target for cybercriminals.

The Impact of Memecoin Scams

Memecoins like STONKS are designed to capitalize on
viral trends and internet memes, but they often come with significant risks.
The volatility of these coins can create opportunities for quick profits, but
they also lead to substantial financial losses.

The rise of such fraudulent schemes has prompted
concerns about the vulnerability of social media platforms to similar attacks.
While the platforms themselves are taking steps to prevent such breaches, the
rapid spread of misinformation remains a major issue, particularly in the world
of cryptocurrency, where the line between legitimate projects and scams is
often blurred.

This wave of social media hacks isn’t just about
defrauding investors; it reflects a growing issue with cybersecurity on
platforms like X. The misuse of famous accounts to promote these tokens has
become a standard method for scammers to quickly generate buzz.

The latest incident involving Nasdaq is just one of
many instances in a larger pattern of hacks targeting influential figures and
organizations. Hackers are increasingly using social media to promote
fraudulent cryptocurrencies.

In a concerning turn of events, Nasdaq’s official X
(formerly Twitter) account was hijacked to promote a fraudulent cryptocurrency.
The hack involved the promotion of a newly created memecoin called STONKS,
which briefly saw its market value surge to $123 million before crashing, according to CoinMarketCap data.

This latest breach highlights a growing trend of
high-profile account hacks, where institutions and celebrities are increasingly
targeted to push scam digital currencies.

A Trend of Social Media Account Hacks

The STONKS memecoin, which gained attention after
Nasdaq‘s X account was compromised, turned out to be a copycat of an existing
token on the Solana blockchain .

The hackers linked the coin to a fake Nasdaq affiliate
account and used the Nasdaq profile to retweet a promotional post for the
token. The post was quickly removed, and the fraudulent account was suspended,
but not before the memecoin’s market cap spiked.

Someone just hacked the official Nasdaq X account to shill a memecoin: pic.twitter.com/W5jlWUvDHn

— unusual_whales (@unusual_whales) January 23, 2025

Despite its fraudulent nature, the token reached a
brief high of $123 million, only to collapse shortly after. The attack on
Nasdaq’s X account is part of a broader wave of hacks targeting both
high-profile companies and influencers.

Hackers often exploit the massive reach of these
accounts to promote scam cryptocurrencies , particularly Solana-based meme
coins, which have become a favorite target for cybercriminals.

The Impact of Memecoin Scams

Memecoins like STONKS are designed to capitalize on
viral trends and internet memes, but they often come with significant risks.
The volatility of these coins can create opportunities for quick profits, but
they also lead to substantial financial losses.

The rise of such fraudulent schemes has prompted
concerns about the vulnerability of social media platforms to similar attacks.
While the platforms themselves are taking steps to prevent such breaches, the
rapid spread of misinformation remains a major issue, particularly in the world
of cryptocurrency, where the line between legitimate projects and scams is
often blurred.

This wave of social media hacks isn’t just about
defrauding investors; it reflects a growing issue with cybersecurity on
platforms like X. The misuse of famous accounts to promote these tokens has
become a standard method for scammers to quickly generate buzz.

The latest incident involving Nasdaq is just one of
many instances in a larger pattern of hacks targeting influential figures and
organizations. Hackers are increasingly using social media to promote
fraudulent cryptocurrencies.

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  • 28 Followers

Jared is an experienced financial journalist passionate about all things forex and CFDs.

  • 1592 Articles
  • 28 Followers

Digital Forensics:

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    Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24

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    👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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    🐦 Twitter: https://twitter.com/F_M_events
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    ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

    Executive Interview with Johnny Khalil, Executive Director at Tickmill during FMLS:24

    📣 Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.
    Connect with us today:

    🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
    👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
    📸 Instagram: https://www.instagram.com/fmevents_official
    🐦 Twitter: https://twitter.com/F_M_events
    🎥 TikTok: https://www.tiktok.com/@fmevents_official
    ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

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