Rapper Wiz Khalifa’s X account is thought to have been compromised on November 3rd, following the posting of a fraudulent memecoin to the rapper’s 35.7 million followers.
Within 15 minutes of debut, the WIZ memecoin, which was set up on the pump.fun memecoin launchpad in Solana, surged to a high valuation of $3.4 million.
However, when early holders dumped massive amounts of the currency, the memecoin’s market valuation plummeted to less than $28,000 within the following hour. DEX Screener data indicates that WIZ is presently trading at $8,400.
Independent blockchain investigator ZachXBT thinks the same hacker was behind the October 29 takeover of Truth Terminal creator Andy Ayrey’s account, even if the precise identity of the potential attacker and the technique used in Khalifa’s hack are still unknown.
