Jupiter, a Solana-based decentralized exchange aggregator, had its X account briefly compromised, with the attacker using it to promote scam tokens, leading to market turbulence.
The team has since regained control of the page, confirming that no funds or customer data were affected.
Hack Leads to Token Scam Promotion The drama kicked off in the early hours of February 6 when an unknown attacker took over Jupiter’s X account, which boasts more than half a million followers. They then started posting about a newly launched meme coin called $MEOW, with the name a play on the platform co-founder’s pseudonym, Meow.
On-chain records show that within minutes of the promotion, the fake token’s market value flew past $20 million as it attracted unsuspecting investors. However, the bad actor soon drained its liquidity pool, leaving traders unable to sell their holdings.
Interestingly, as panic started spreading, the attacker doubled down on their scheme, using the Jupiter handle to push another token, DCOIN.Soon after, a related page, JupiterDAO, issued a warning, urging users not to interact with the fraudulent posts from the compromised main account. “Do not click on any links. Do not copy-paste any CA’s,” it cautioned. Nonetheless, the damage had already been done, with the price of Jupiter’s native JUP token nosediving 12% soon after news of the hack leaked.
Team member Ben Liew also took to X, telling followers they were working with different unspecified parties to recover the profile. Hours later, the exchange announced it had regained control of its handle. It also reassured users that all customer funds and treasury holdings were secure, as they are stored in multisig wallets. Additionally, it stressed that no other communication channels had been breached, with the incident isolated to X.
Jupiter co-founder Meow later revealed that they had been traveling with another key team member, Mei, at the same time when the attack happened. However, Mei was unreachable because of poor Wi-Fi signals, thus delaying the initial response to the situation.
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