Security Breach: SpaceX and Starlink X Accounts Hijacked to Pump SCATMAN Memecoin
A massive security breach targeted the official X accounts of SpaceXAI and Starlink, hijacking them to promote the 'Scam Altman' (SCATMAN) memecoin. By leveraging the massive influence of Elon Musk's brands, attackers drove the token's market cap to a staggering $32 million on the Robinhood Chain.
On-chain analysis from Lookonchain confirmed that the hacker minted 10 trillion tokens to execute a massive dump, netting roughly $135,000 in ether. This exploit serves as a stark warning regarding the 'Verified-Account Playbook' and the ease with which high-profile social media identities can be weaponized in the crypto space.
Elon Musk's aerospace and satellite giants, SpaceX and Starlink, fell victim to a coordinated social media hijack on Sunday. Attackers seized control of the SpaceXAI and Starlink accounts on X to aggressively promote a new memecoin dubbed 'Scam Altman' (SCATMAN), capitalizing on the massive follower base of these entities.
The SCATMAN memecoin briefly reached a market capitalization of $32 million on the Robinhood Chain during the exploit. Data provided by Lookonchain indicates the hacker minted 10 trillion tokens and immediately dumped them, successfully extracting approximately $135,000 in ether. The incident highlights a growing trend of hackers using verified account status to orchestrate rapid-fire liquidity drains.
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