"Crypto's Double Trouble: Pump.fun Hacked, Lazarus Group Behind $1.4B Bybit Heist"

The cryptocurrency industry has recently faced a wave of security breaches, with two major incidents highlighting the ongoing risks associated with digital asset platforms. On Feb. 26, the official X account of Pump.fun was compromised, leading to the promotion of a fake governance token. Simultaneously, forensic investigations into the recent Bybit exploit revealed that North Korea’s Lazarus Group was behind the $1.4 billion hack, the largest in crypto history.
The Pump.fun X account, a prominent launchpad for meme coins, was hacked on Feb. 26, 2025, resulting in the promotion of a fraudulent governance token called “PUMP” and other deceptive cryptocurrencies. This breach is part of an ongoing trend of social media hacks targeting the crypto community, further emphasizing the growing cybersecurity crisis in the industry.
Shortly after the account was taken over, well-known blockchain investigator ZackXBT issued a warning to the crypto community, urging users to avoid engaging with any links shared by the hacked Pump.fun account. According to ZackXBT’s on-chain analysis, this incident appears to be directly linked to the February 2025 hack of the
DAO account and the DogWifCoin X account breach in November 2024. The investigator also emphasized that these breaches were not due to any fault of the teams behind these projects but rather part of a larger pattern of targeted social engineering attacks on high-profile crypto entities.The attackers used the compromised Pump.fun account to post a message promoting a fraudulent "governance token", promising rewards for early adopters in an attempt to lure in unsuspecting users. The Pump.fun team has since acknowledged the breach and is actively working to regain control of the account. In a statement shared via their official Telegram
, the team reassured users that they were not behind the promotion of the fake token and warned against interacting with any posts related to "PUMP."This latest security incident adds to a growing list of social media hacks that have exploited major crypto platforms and figures to push scam tokens. It comes shortly after the record-breaking $1.4 billion Bybit hack, the largest single crypto hack in history, which has amplified concerns over the security of Web3 platforms and social media-integrated crypto marketing.
The Pump.fun hack is just one of several incidents where bad actors have

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