Activision Blizzard’s Twitter Account Exploited to Promote Fake Token on Solana
The official Twitter account of gaming giant Activision Blizzard was hacked on Thursday night, and the hackers used the account to promote a fake token launch on Solana. The tweets included an image of Crash Bandicoot, a popular gaming icon owned by Activision, and claimed to offer an ATVI token created with Solana Labs. However, there is no connection between the ATVI token and Activision Blizzard or Solana Labs.
The scheme to pass off the ATVI token as an official token from Activision Blizzard does not seem to have been successful. The token has only seen $16,000 worth of trades across less than 500 transactions, and its price has crashed by 99.9% since the initial pump. It is currently priced at a fraction of a penny.
Meme Coins on Solana
Solana has become a popular platform for meme coins due to its low fees. Meme coins are crypto tokens that are often inspired by viral internet images, public figures, companies, or news events. Some popular meme coins on Solana include Dogwifhat (WIF) and Bonk (BONK).
Response from Activision Blizzard
Activision Blizzard acknowledged the hack in a tweet and stated that they have regained control of their account. They also expressed their commitment to investigate the incident and prevent similar situations in the future. The company did not provide further comments regarding the hack.
No Immediate Response from Twitter
Decrypt‘s GG reached out to Twitter for comment or additional details but did not receive an immediate response.
Hot Take: Hack Highlights Security Vulnerabilities in Crypto Space
The recent hack of Activision Blizzard’s Twitter account serves as a reminder of the security vulnerabilities present in the crypto space. Despite efforts to enhance security measures, hackers continue to find ways to exploit platforms and deceive users. This incident highlights the importance of staying vigilant and taking necessary precautions when engaging with cryptocurrencies.
Disclaimer: The information provided here does not constitute investment advice or financial advice. The content presented above is for informational purposes only. The reader should do their own research before making any investment decisions.
By
By
By
By
By