"Jupiter's Twitter Hack: $20M Token Surge, $156K Loss in Phishing Attack"

Jupiter's official Twitter account was suspectedly hacked on February 6th, 2025, as it shared information about a suspicious token. The token briefly surged to a $20 million market cap before its developer withdrew liquidity, causing a sharp drop in its price. This incident has raised concerns about the security of official accounts and the risks associated with such events.

In a separate incident, a user lost approximately $156,000 worth of cryptocurrency due to a phishing attack. The victim signed multiple phishing signatures, leading to the loss of mooConvexETH+, FLUID, and aEthWETH. This serves as a reminder of the importance of vigilance and caution when interacting with online platforms.

The rise of meme coins has led to an increase in scams and fraudulent activities in the crypto space. Hackers have been leveraging political figures and trends to promote fake meme coins, with the former Malaysian Prime Minister Mahathir Mohamad being the latest victim. These scams have resulted in significant financial losses for unsuspecting investors.

To mitigate the risks associated with these scams, it is essential for users to be cautious and verify the authenticity of any information or requests they receive. Additionally, it is crucial for platforms and organizations to implement robust security measures to protect their accounts and users from potential hacks and fraudulent activities.