Canadian rapper Drake’s X (formerly Twitter) account was hacked on December 14 to promote a scam meme coin named “Anita.” The incident has drawn attention to the increasing prevalence of cryptocurrency scams on social media platforms, particularly targeting high-profile accounts.
Fraudulent Crypto Promotions on High-Profile Accounts
The hack was uncovered by blockchain investigator ZachXBT, who revealed that Drake’s account was exploited to advertise “Anita,” a fake meme coin. The scammers falsely claimed the project was created in partnership with Stake, a gambling company Drake has officially collaborated with since 2022.
To enhance credibility, the post included a smart contract address and promotional materials, leveraging Drake’s known interest in cryptocurrency to attract unsuspecting investors. However, the fraudulent post was quickly removed, and the associated account was suspended.
Growing Threat of Crypto Scams on X
This incident is part of a larger trend of crypto scams targeting users and high-profile figures on X. Security experts warn that these scams are becoming increasingly sophisticated, using tactics that blend credible partnerships with deceptive marketing strategies.
Observers point out that hackers often exploit the trust and influence of celebrities to lure victims into fraudulent investments. The misuse of Drake’s account serves as a stark reminder for users to exercise caution when engaging with crypto promotions on social media platforms.
Protecting Against Social Media Crypto Scams
With the rising frequency of crypto-related fraud, security experts emphasize the need for heightened vigilance:
- Verify Authenticity: Always confirm partnerships or promotions through official sources.
- Be Skeptical of Unrealistic Offers: Promises of high returns or exclusive deals often signal fraud.
- Secure Accounts: Use strong passwords and enable two-factor authentication (2FA) to protect against hacks.
As crypto adoption grows, the risks of such scams highlight the importance of robust cybersecurity measures and awareness among users.
