Crypto Scammers Target Influencers to Promote Memecoin Information

Scammers Target Crypto Influencers on Twitter

Scammers recently targeted popular crypto influencers on Twitter with the acronym GCR, leading to a security breach and temporary price surges in the cryptocurrency market.

Details of the Hack

• The compromised Twitter account of GCR posted predictions about the ORDI token, causing brief price surges.
• The hacker promoted ORDI and Luna 2.0 tokens, resulting in momentary price increases.
• GCR confirmed the hack and urged followers to ignore any promotional posts.

Security Breach and Response

GCR suspected that an employee at Twitter was bribed for admin access, highlighting a potential security flaw within the platform.

Price Movements

Following the hack, the price of ORDI briefly climbed before returning to its original value. Luna 2.0 experienced a momentary surge of 274%.

Observers’ Predictions

Several crypto observers speculated on the motives behind the hack, with some suggesting a wider scam targeting celebrities and influencers in the crypto space.

• Bitcoin developer Udi Wertheimer warned about potential scams targeting niche celebrities launching meme coins.
• Chinese crypto blogger Colin Wu noted the hacker’s strategic positions on trading platforms OKX and Binance.
• Crypto analyst Miles Deutscher criticized the hacker’s choice of tokens for promotion.

Celebrity Influencers’ Accounts Compromised

Notable figures like Rich The Kid and Caitlyn Jenner also fell victim to similar hacks, promoting new tokens on social media platforms.

Rich The Kid’s promotion of the RICH token and Caitlyn Jenner’s endorsement of the JENNER token led to significant market value increases, sparking speculation within the crypto community.