Celebrities are falling prey to crypto hacks lately.
Earlier today, popular Hollywood rapper Doja Cat’s X account was hacked. Hackers used her account to promote a new cryptocurrency named DOJA.
That’s not all. Hackers even tried to stir up drama by mentioning another rapper, Iggy Azalea, who is known for her interest in cryptocurrency.
In response, Azalea clarified:
Doja Cat warned fans on her Instagram that the messages about DOJA were not from her.
“My Twitter’s been hacked. These messages are not from me.”
The Doja Cat token reached a market cap of around half a million dollars shortly after its launch. However, that value quickly crashed by 96%, dropping to just $22,000.
Promoting cryptocurrencies through hacked celebrity accounts is becoming a growing trend.
Last month, something similar happened to Metallica’s social media account. Their account was also hacked and used to promote a Solana-based memecoin.
Similarly, in May Gigantic-Cassocked-Rebirth (GCR), a popular pseudonymous crypto investor’s X account, boasting over 247,900 followers, was hacked to promote ORDI and Luna2.0, leading to momentary price spikes of 6% and 274% respectively.In a recent article, we discussed how crypto hacks have become a major concern, with losses exceeding a staggering $19 billion since 2011. This alarming trend exposes vulnerabilities within blockchain technology and the growing sophistication of cybercriminals targeting digital assets.
