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The X account of rapper Wiz Khalifa was reportedly hacked, with posts shilling a memecoin called “WIZ,” which is now trading at a value of less than $10,000.
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The X account of rapper Wiz Khalifa is believed to have been hacked on Nov. 3, after the account posted a scam memecoin to the rapper’s 35.7 million followers.
In a now-deleted post to X on Nov. 3, the apparent hackers that took control of Khalifa’s X account said the rapper had been “working with [his] team to drop $WIZ for all the crypto fam.”
Source: ZachXBT
The WIZ memecoin — deployed on the Solana-based memecoin launchpad pump.fun — rallied to a peak valuation of $3.4 million within 15 minutes of launch.
However, within the next hour, the market capitalization of the memecoin crashed to below $28,000 as early holders unloaded huge sums of the token. WIZ is currently trading at a value of $8,400, according to data from DEX Screener.
The value of the scam memecoin WIZ plummeted to below $28,000 within an hour of launch. Source: Dexscreener
Aggregated data from Solscan shows the two top wallets purchased just over 155 million WIZ tokens at launch for $19,100 and sold them for a combined profit of $160,000.
While the exact identity of the would-be attacker and the method behind Khalifa’s hack is still unconfirmed, independent blockchain sleuth ZachXBT believes the same hacker was responsible for taking over Truth Terminal developer Andy Ayrey’s account on Oct. 29.
“Do not buy the Wiz Khalifa Pump Fun [token] it’s the same hacker who compromised Andy Ayrey (Truth Terminal creator) the other day,” said Zach in a message on Nov. 3 to his public Telegram group.
Related: AI memecoin millionaire Truth Terminal has sparked an AI boom in crypto
The posts promoting the memecoin have since been deleted. However, no further posts have been made to clarify whether or not control of Khalifa’s account has been restored.
Only last week, Ayrey’s X account was hacked on Oct. 29, with the attackers using Ayrey’s profile to shill a series of fraudulent memecoins, which netted them a total profit of $1.5 million in ill-gotten gains.
Truth Terminal is the AI bot responsible for sending a memecoin called Goatseus Maximus (GOAT) to a peak valuation of $940 million. GOAT is currently trading at a market cap of $544 million, down 39% from its Oct. 24 all-time high, per DEX Screener data.
AI Eye: A bizarre cult is growing around AI-created memecoin ‘religions’
This article first appeared at Cointelegraph.com News
