Jupiter’s X Account Compromised, Used to Promote Scam Tokens Before Recovery

Jupiter’s X account was briefly compromised, with hackers using it to promote scam tokens MEOW and DCOIN.

The fraudulent $MEOW token surged past $20M before liquidity was drained, while JUP’s price dropped 12% following the hack.

The attack adds to a series of X account breaches targeting crypto projects, including Nasdaq, Litecoin, and Foresight Ventures.

Decentralized exchange aggregator Jupiter faced a brief security breach on its X account, leading to the promotion of fraudulent tokens. The incident caused notable market turbulence before the team restored control.

Jupiter’s X Account Hacked to Promote Scam Tokens

Jupiter’s official X account, which has more than 500,000 followers, was taken over by an unknown attacker in the early hours of February 6. The hacker used the compromised account to promote a fake meme coin named MEOW. The token’s name referenced Jupiter co-founder Meow.

On-chain records indicate that soon after the post, the scam token’s market value surged past $20 million as investors rushed to buy in. However, the attacker drained the liquidity pool, making traders unable to sell their holdings. As panic set in, the hacker continued the scheme by pushing another fraudulent token called DCOIN.

A related page, JupiterDAO, promptly warned users against engaging in fraudulent posts. It advised against clicking any links or copying contract addresses. Despite this, Jupiter’s native token, JUP, experienced a 12% drop in price following news of the hack.

Jupiter’s co-founder, Meow, disclosed that he and another key team member, Mei, had been traveling when the attack occurred. Mei’s limited access to stable Wi-Fi delayed the team’s initial response.

Increase in Crypto-Related X Account Hacks

The incident adds to a growing number of X account breaches targeting crypto projects and key figures. In December, hackers compromised the account of former Department of Government Efficiency (D.O.G.E.) co-lead Vivek Ramaswamy, falsely announcing a partnership with the USUAL stablecoin project. The misinformation briefly pushed the stablecoin’s price to $1.61. More recently, hackers accessed the social media accounts of Foresight Ventures, Holoworld AI, and Litecoin, using them to promote fraudulent tokens. Another attack targeted Nasdaq’s X account, promoting the fake STONKS meme coin, which reached a market cap of $80 million before the scammers pulled the funds.