Crypto Cons Strike Again as Drake’s X Account Promotes Fake ANITA Meme Token

Crypto Cons Strike Again as Drake’s X Account Promotes Fake ANITA Meme Token

Drake’s X account fell victim to a cyber intrusion on Saturday, with the attacker using the platform to promote the fake Solana-based meme coin, $ANITA. The hack comes as part of an ongoing wave of crypto scams targeting celebrity social media profiles.

Drake’s X Account Used to Promote $ANITA Meme Coin: A $4.9M Scam

Aubrey Drake Graham, the Canadian music mogul known for his chart-topping hits, had his X account breached over the weekend. The hacker took advantage of Drake’s massive 39 million followers, using the account to advertise a newly launched meme coin, $ANITA. Named after Drake’s Anita Max Wynn Tour, the token appeared to draw a connection to his recent ventures.

The posts promoted $ANITA as a coin created by both Drake and Stake, the cryptocurrency betting platform Drake had partnered with in 2022. Initially, this announcement sparked a rapid surge in the token’s value. However, the hype was short-lived, as it quickly became apparent that neither Drake nor Stake had any actual involvement with the $ANITA token.

Despite the eventual crash in its value, $ANITA saw a staggering $4.9 million in trading volume and over 7,000 buy orders. By December 15, 2024, the token’s market cap plummeted to a meager $12,000. The posts promoting the coin were eventually removed after blockchain experts, such as Zachxbt, uncovered the fraud. They revealed that the $ANITA token was likely part of a scam.

Celebrity Accounts Targeted in Ongoing Crypto Scams

Drake’s hack is just the latest in a string of celebrity account breaches this year. Other famous X accounts, including those of Hulk Hogan, 50 Cent, Doja Cat, and Caitlyn Jenner, have also been exploited by hackers to promote dubious meme coins. These incidents showcase a troubling trend of attackers hijacking high-profile accounts to lend false credibility to sketchy cryptocurrencies, often driving temporary price spikes before the bubble bursts.

As the frequency of such scams increases, it highlights the need for heightened vigilance among social media users and platforms to prevent similar attacks. The $ANITA incident serves as a stark reminder of how easily hackers can manipulate celebrity influence for their own gain, potentially causing significant financial losses for unsuspecting investors.