Pump Fun X account hacked, used to promote phony governance token

Pump Fun’s X account was hacked today and used to launch a phony “governance token” called “$PUMP” that rose 517,000,000% in price before crashing 99.9% in minutes. The platform’s 23-year-old pseudonymous COO, Alon Cohen, posted on X, “account has just been compromised. Please don’t interact.” The hacked account said, “Introducing $PUMP,” and claimed it was, … Read more

Crypto Market Recovery: Analysts Weigh In

Bitcoin (BTC) is testing investor sentiment again as it hovers in a precarious position, teasing the possibility of a prolonged bear cycle. Amid market uncertainty, analysts and traders are weighing in on the crypto market’s current state, debating whether the recent downturn is a signal of further losses or a setup for a major rebound. … Read more

Pump.fun’s X account hacked to promote fake governance token $PUMP

Key Takeaways Pump.fun’s X account was hacked to promote a fake governance token named ‘$PUMP.’ The crypto community quickly identified the fraudulent activity. The official X (formerly Twitter) account of Pump.fun was compromised today, with hackers using the platform to promote a fraudulent governance token called “$PUMP.” On Wednesday, the hackers posted a pinned tweet … Read more