On Wednesday, Jupiter, a Solana-based decentralized exchange (DEX) aggregator, reportedly had its social media account hacked, leading to the promotion of fraudulent crypto.
On Wednesday, Jupiter, a Solana-based decentralized exchange (DEX) aggregator, reportedly had its social media account hacked, leading to the promotion of fraudulent crypto.
The breach raised concerns among users, some of whom claimed to have had their Solana tokens stolen as a result of the hack.
Jupiter Mobile's official account on X (formerly Twitter) confirmed the incident, cautioning users against clicking on any links shared from the compromised account. A post from the account stated, “The main Jupiter Exchange account has been compromised,” and assured followers that the team was working to regain access.
In a series of now-deleted tweets, the hacked account advertised a meme coin identified by the ticker $MEOW, which appears to have been named after one of Jupiter's co-founders, Meow. Crypto venture capital founder Beanie noted the significant financial impact of the hack, stating, “Traders lost millions instantly on this Jupiter account hack … literally in a matter of minutes.”
As of 9:15 p.m. ET on the same day, the Jupiter account remained under the control of the hacker, who continued to post promotional content for another token, $DCOIN.
The ongoing posts raised alarms within the crypto community, emphasizing the vulnerability of social media accounts tied to financial platforms.
Several users took to the platform to share their experiences and losses stemming from the breach, highlighting the risks associated with trusting digital protocols with substantial liquidity. Jupiter has not yet responded to requests for comment regarding the security breach and its implications for users.
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