Mbappé's X Account Hacked: $1M Lost in Fraudulent Token Scam, Insults Messi

August 30, 2024
Mbappé's X Account Hacked: $1M Lost in Fraudulent Token Scam, Insults Messi
  • Kylian Mbappé's official X account was hacked overnight on August 28 to 29, leading to the promotion of a fraudulent token called $MBAPPE.

  • During the hack, provocative posts were shared, including one that claimed, 'I am giving back to my community,' encouraging followers to send cryptocurrency with a promise to double it.

  • One trader lost over $1 million after purchasing the scam token, spending approximately $1.03 million on 7,156 Solana tokens, which later plummeted in value.

  • The $MBAPPE token briefly surged to a market cap of around $460 million before crashing to below $100,000 shortly after.

  • While many investors faced significant losses, one trader managed to turn a $28 investment into $124,000 by selling before the price collapse.

  • Crypto.com issued a warning to users about the $MBAPPE scam, advising them to steer clear of the fraudulent token following the false endorsement on Mbappé's account.

  • The hacked account, which has 14 million followers, displayed various controversial messages before they were deleted, including derogatory remarks about football stars Cristiano Ronaldo and Lionel Messi.

  • Among the posts was an insult directed at Messi, referring to him derogatorily alongside a photo of him in tears.

  • This incident reflects a broader trend of scams involving celebrity-themed cryptocurrencies, following similar hacks of accounts belonging to other celebrities.

  • The situation raises concerns about the risks associated with celebrity-endorsed meme coins, especially in light of recent similar hacking incidents.

  • By dawn, all hacker posts were removed, and Mbappé's legitimate tweet celebrating his first title with Real Madrid was restored.

  • As of now, Kylian Mbappé has not commented on the hacking incident or the promotion of the $MBAPPE token.

Summary based on 5 sources


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