Outside Source
Pump.fun’s X account was compromised on Feb. 26 to promote fake tokens, according to the platform’s team.
Breaking news
The Pump.fun X account was compromised on Feb. 26 to promote a fake governance token called “PUMP,” in the latest cybersecurity incident to impact the crypto industry.
Online sleuth ZackXBT warned users to stay away from the page and not to interact with any links posted by the compromised social media account.
“The official Pump.fun governance token, where democracy has never been this degen. We will also be rewarding our OG degens,” the hacker wrote in a message advertising the fake token.
Source: pump.fun
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The Pump.fun team has also confirmed the hack and is working to restore the account to its proper functionality.
This incident is merely the latest in a torrent of social media hacks advertising fake tokens to users and comes on the heels of the recent $1.4 billion Bybit hack — the biggest single hack in crypto history — and has placed the issue of crypto cybersecurity front and center.
Pump.fun’s team confirmed the incident on a Telegram channel. Source: Pump.fun
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This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
