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\n\t\t\t\t\t\t\t\t\tThe attacker relied on trusted corporate accounts to create instant credibility before quickly cashing out their token holdings.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
A hacker made off with over $135,000 after hijacking the X accounts of SpaceX and Starlink to promote a meme coin.<\/p>\n
The profiles were used to shill a Robinhood-based token that briefly hit a $2 million market cap before crashing to almost zero.<\/p>\n
Screenshots circulating on social media show both accounts reposting content from the token\u2019s profile, with the posts featuring a Sam Altman (SCATMAN) meme coin and tags claiming they were associated with SpaceX.<\/p>\n
On-chain data shows<\/a> the hacker created 10 trillion tokens and sold the entire stash, converting it into 59 Ether (ETH) worth around $108,000 shortly after the posts went live.<\/p>\n According to Lookonchain, a separate wallet linked to the attacker made another sale of 59.28 million SCATMAN tokens for 14.7 ETH, valued at approximately $27,000, bringing the total profit to roughly $135,000. The on-chain analytics platform also identified the two addresses used by the hacker.<\/p>\n Per GeckoTerminal data, SCATMAN\u2019s market cap surged to over $2 million before being immediately rug-pulled. Meanwhile, both companies have since deleted the fake posts and regained control of their accounts.<\/p>\n Prominent social media account takeovers have become common in the crypto space, many of which have been used to pump and dump low-cap cryptocurrencies.<\/p>\n For instance, Scroll co-founder Ye Chen\u2019s X account was hijacked in January 2026, with attackers impersonating platform staff and sending phishing messages about copyright violations that tricked crypto leaders into clicking malicious links.<\/p>\n A couple of months later, Pepe creator Matt Furie\u2019s account was used to promote a scam token. Around the same time, WinRAR\u2019s official account was also compromised to push a fake Solana meme coin to its followers.<\/p>\n The most notable breach came in May when Keith Gill, popularly known as Roaring Kitty, had his dormant account breached. In this case, hackers launched<\/a> Red Kitten Crew (RKC) on Solana and walked away with more than $600,000 in half an hour.<\/p>\n Each case followed a pattern seen in crypto several times, where influencers create hype, developers cash out, and retail traders are left dealing with losses.<\/p>\nRug Pulls Remain Common in Crypto Space<\/h2>\n
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