Jupiter Exchange's X account hacked
Jupiter Exchange's official X (formerly Twitter) account was compromised on February 6, 2025, leading to the promotion of scam tokens.
The hacker posted about a meme coin with the ticker $MEOW, prompting warnings from Jupiter Mobile’s X handle advising users not to click on any links.
"The main @JupiterExchange account has been compromised," Jupiter Mobile stated.
The $MEOW token appeared to be inspired by the pseudonym "Meow," used by one of Jupiter's co-founders.
The incident resulted in losses for traders, with one user estimating that "Traders lost millions instantly on this Jupiter account hack … literally in a matter of minutes."
The compromise led to a sharp decline in the price of JUP (CRYPTO:JUP) tokens, with JUP/USD dropping by 12% from $0.85 to $0.75.
Trading volumes for JUP/BTC and JUP/ETH pairs surged by 300% within the first hour, reaching 1.5 million and 2 million JUP tokens traded, respectively.
By 11:15 AM UTC, JUP had lost an additional 5%, reaching $0.714.
Users should remain cautious and avoid trading memecoins of uncertain origin.
This is not the first security issue for Jupiter; a previous airdrop event faced a security breach where an individual exploited over 9,000 wallets to gather 1.85 million JUP tokens, worth about $1 million.
At the time of reporting, the Jupiter (JUP) price was $0.9018.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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