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Crypto Scam Alert: Jupiter DEX and Former Malaysian PM’s X Accounts Hacked
Key Takeaways
- Hackers took over the X accounts of Jupiter DEX and former Malaysian PM Mahathir Mohamad to promote scam meme coins, which led to financial losses.
- Jupiter’s security remained intact, but its X account was used to promote MEOW, a scam token that briefly hit a $30 million market cap;
- Yu Xian, SlowMist's founder, confirmed that Mohamad’s hacked X account was used to promote a fake token called MALAYSIA.
On February 5, hackers took over the X accounts of former Malaysian Prime Minister Mahathir Mohamad and Jupiter, a Solana
The compromised accounts were used to promote scam meme coins, which misled followers into potential financial losses.
Scammers hijacked the X account of Mahathir Mohamad, Malaysia’s longest-serving Prime Minister, to promote another fake token, MALAYSIA.
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Yu Xian, founder of security firm SlowMist, pointed out that the compromised account was used to spread misleading investment opportunities. He stated in a post on X, "Note that the account of the former Malaysian Prime Minister has been hacked."
Meanwhile, the hackers used Jupiter’s main account to advertise a fraudulent token with the ticker MEOW. Some users reported that the token briefly reached a $30 million market cap before disappearing.
@beanimaxi, the pseudonymous founder of crypto venture firm GM Capital, commented that traders lost millions within minutes due to the incident.
Jupiter’s mobile team quickly issued a warning, urging users not to click on any links or buy tokens mentioned in the hacked posts. The team stated they were working to regain control of the account.
Co-founder Siong Ong reassured the community that while the social account had been breached, Jupiter’s core systems remained secure due to their multi-signature protection. He confirmed, "All our programs are in a 4/7 multisig. They are secure. We will go through everything again."
In January 2025, the X account of Dean Norris, an actor from the television series Breaking Bad, was recently hacked. What was the purpose of the breach? Read the full story.