The Solana -based Memeco Platform pump, Solana, has fallen victim to a security breach, where the official X account was kidnapped to promote the symbol of fraudulent governance called $ PUMP.
The X account posted the exhibition of Pump.fun with a fraudulent advertisement claiming that the $ Pump was the distinctive symbol of the official platform. The message falsely promised bonuses for the first adopters and “OG Degens”, to lure users to deal with the fraud.
Even the attackers escalated their tactics, later paid another fraudulent symbol, GPT-4.5, and claimed that they would delete the Pump.fun X account if the code reached the maximum market of $ 100 million.
Pump.fun quickly responded to rapprochement, and posted on Telegram to warn users of interacting with fraudulent messages. The platform confirmed its community that the investigation is underway to regain control of social media.
However, the attack follows a pattern of social media breakthroughs for prominent encryption, including incidents targeting Jupiter Dow and Clagif Coin, both of which have been hacked X accounts in the past few months.
PUMP.fun and its role in the Memecoin ecosystem
Since its launch in early 2024, the platform has appeared as a solution to move to the launch of Memecoins, based in Solana. The protocol allows users to trade distinctive symbols immediately, and pay a wave of speculative trading in the Memecoin sector.
However, his low barrier to entry made it a proliferation floor for pump and discharge plans, which raises criticism from the coding community sectors. The controversy does not end there. Pumpfun has been recently filed with a lawsuit on the right to work worth $ 500 million on unregistered securities.
Recently, POMP.fun has been explored more advanced features, including the popular development of the automated market owner to replace Raydium for liquidity gatherings. If implemented, this step can significantly affect the volume of raydium trading, as many modern symbols that currently migrate for liquidity. Speculation alone has already contributed to the low price of the Raydium icon (RAY).
