Hackers exploited Kylian Mbappé’s Twitter to promote a scam token, resulting in substantial financial losses.
The fraudulent MBAPPE token rapidly rose to a $464 million market cap before crashing within minutes.
Kylian Mbappé, the star footballer, recently suffered a high-profile breach when his Twitter account was stolen. The hackers used his account to spread a fake token called MBAPPE. This scam spread quickly, showing the continued weaknesses in social media platforms, particularly among celebrities with significant followings.
French football star Kylian Mbappe’s Twitter account was hacked and released the token MBAPPE, which has now been deleted. The market value of MBAPPE tokens surged to tens of millions in a few minutes and then quickly returned to zero. A user bought 2 SOL (about $286) and sold it…
— Wu Blockchain (@WuBlockchain) August 29, 2024
Rapid Surge, Swift Collapse: MBAPPE Token’s Rise and Fall
The MBAPPE token was created on the Solana blockchain, and its
