Rapper Wiz Khalifa’s X account was reportedly hacked on November 3, leading to the promotion of a fraudulent memecoin called “WIZ.” The hackers falsely claimed that Khalifa was launching this memecoin for his 35.7 million followers. Initially, WIZ surged to a market cap of $3.4 million shortly after its launch but quickly plummeted to around $8,400 as early investors sold off their holdings.
Blockchain analyst ZackXBT linked this hack to the same individual responsible for a prior attack on Truth Terminal developer Andy Ayrey’s account, which involved promoting fraudulent tokens that netted substantial profits for the hackers. The hacker’s method of gaining control over Khalifa’s account remains unconfirmed.
Despite the swift deletion of the posts promoting the memecoin, concerns linger over the security of high-profile accounts on social media platforms. This incident underscores the need for better protective measures against such cyber threats in the crypto space.
As of now, it is unclear whether control of Khalifa’s account has been fully restored. The case highlights the growing trend of using celebrity accounts to manipulate cryptocurrency markets and the vulnerabilities associated with digital assets.
