Drake’s X account was hacked to promote meme coins.

By Crypto Gloom On Dec 15, 2024

Key Takeaways

Drake’s X account was hacked to promote a fraudulent meme coin called Anita.
The compromised account claimed a partnership with gambling platform Stake, but the claim was fake and has since been removed.

Rap star Drake’s official

Hackers posted a message claiming the token was created in collaboration with Stake, a gambling platform linked to Drake. The post included the contract address and characters related to the project before it was deleted. The official X account the project claimed was quickly suspended.

Drake, who has a long-standing partnership with cryptocurrency gambling platform Stake starting in 2022, has publicly expressed his support for the digital asset. He previously shared a post containing Michael Saylor’s Bitcoin remarks on Instagram.

The famous artist recently faced allegations from a 20-year-old social media influencer who claims he lost $2 million on cryptocurrency investment trades. In a live stream with DJ Akademiks, the influencer claimed that Drake and the individuals known as Top5 failed to deliver on their promises regarding this investment.

Hacking social media accounts to promote fake projects or tokens is a common tactic used by cybercriminals in the cryptocurrency industry. Fraudsters often target high-profile individuals and brands to disguise the legitimacy of their fraud schemes.

In October, the X account of Truth Terminal founder Andy Ayrey was attacked. The hacker used this access to promote a token called “IB” and netted $600 million.

Last week, the Cardano Foundation’s X account was compromised when attackers posted false information about the SEC lawsuit’s allegations and promoted fraudulent tokens.