Token

<a href="https://bitcoinworld.co.in/hackers-gain-access-to-metallicas-x-account-and-promote-scam-token/" title="Hackers Gain Access to Metallica’s X Account and Promote Scam Token" rel="noopener noreferrer nofollow"></a>
Metallica’s X account was hacked on Wednesday, and the hackers promoted a scam token called $METAL to its 6.1 million followers.&nbsp;
In a series of posts, the hackers claimed various things about the token, like it being a partnership with Ticketmaster, the American ticketing company, and MoonPay, a well-known fintech firm.
Other claims included token holders receiving discounted tickets to Metallica’s shows and merchandise—lucky airdrop winners would apparently receive free tickets and merchandise.&nbsp;
A post even mentioned three $METAL holders even receiving Metallica-themed gaming consoles, of which only three were created. Metallica’s team has regained control over the X account and taken down all posts about $METAL.
One post read, “$METAL opens doors to executive discounts—imagine snagging 25% off ticket purchases just by using $METAL at checkout! Whether you’re at a Metallica concert or browsing the online store, $METAL seamlessly integrates into your shopping experience, powered by the reliability of Solana for effortless transactions.”&nbsp;
The token was launched on Solana via the pump.fun deployer.
Ticketmaster is yet to respond. MoonPay’s President, Keith A Grossman took to X to notify everyone about the scam, stating, “If someone is offering you a $METAL token, they are not the master of puppets – they’re the master of scams!”&nbsp;
For those unaware, Grossman referenced the heavy metal band’s 1986 album ‘Master of Puppets.’
The <a href="https://x.com/moonpay/status/1805771261466890290" rel="noopener noreferrer nofollow">statement</a> was a reply to another deleted post on Metallica’s account reading, “Utilizing MoonPay, $METAL Token wants to bring wide scale adoption to the @Solana blockchain. Soon anyone will be able to buy Metal Token with credit $ debit cards worldwide.”&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> MoonPay Safety Alert <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">
 If someone is offering you a <a href="https://twitter.com/search?q=%24METAL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$METAL</a> token, they are not the master of puppets – they’re the master of scams! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3b8.png" alt="🎸" class="wp-smiley" style="height: 1em; max-height: 1em;">
 Keep your keys safe and ride the lightning responsibly!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/y1j3RkfY0f" rel="noopener noreferrer nofollow">https://t.co/y1j3RkfY0f</a>
 — MoonPay <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e3.png" alt="🟣" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@moonpay) <a href="https://twitter.com/moonpay/status/1805771261466890290?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The hackers even spoke about $METAL’s staking utility.
Metallica’s fanbase and crypto users convinced of the posts’ legitimacy took $METAL’s market cap to over $3 million within the first thirty minutes of its launch. Three hours later, its market cap dropped to about $90,000.

Hackers Gain Access to Metallica’s X Account and Promote Scam Token

ItsBitcoinWorld

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