On February 5, hackers took over the X accounts of former Malaysian Prime Minister Mahathir Mohamad and Jupiter, a Solana
$200.72
-based decentralized exchange (DEX) aggregator.
The compromised accounts were used to promote scam meme coins, which misled followers into potential financial losses.
Scammers hijacked the X account of Mahathir Mohamad, Malaysia’s longest-serving Prime Minister, to promote another fake token, MALAYSIA.
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Yu Xian, founder of security firm SlowMist, pointed out that the compromised account was used to spread misleading investment opportunities. He stated in a post on X, “Note that the account of the former Malaysian Prime Minister has been hacked.”
Meanwhile, the hackers used Jupiter’s main account to advertise a fraudulent token with the ticker MEOW. Some users reported that the token briefly reached a $30 million market cap before disappearing.
@beanimaxi, the pseudonymous founder of crypto venture firm GM Capital, commented that traders lost millions within minutes due to the incident.
Jupiter’s mobile team quickly issued a warning, urging users not to click on any links or buy tokens mentioned in the hacked posts. The team stated they were working to regain control of the account.
Co-founder Siong Ong reassured the community that while the social account had been breached, Jupiter’s core systems remained secure due to their multi-signature protection. He confirmed, “All our programs are in a 4/7 multisig. They are secure. We will go through everything again.”
In January 2025, the X account of Dean Norris, an actor from the television series Breaking Bad, was recently hacked. What was the purpose of the breach? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
