The Instagram account belonging to Pudgy Penguins CEO Luca Netz has reportedly been hijacked and is getting used to shill a Pump Enjoyable-based token referred to as $IGLOO.
The hack was flagged on X by self-described NFT maxi “JBond” simply earlier than 09:00 GMT on Wednesday and was confirmed by Pudgy Penguins’ Ecosystem Development Affiliate “Becca” moments later.
“I’d advice [sic] you to be careful until we hear from the team.”
The unique Instagram Story seems to have been eliminated, nonetheless one other quick video linking to a distinct tackle remains to be on-line.
Regardless of the suspicious nature of the publish (“if luca launches a token it won’t be from a Pump Fun link bro,” wrote one X consumer) at time of writing it had reached a market cap of practically $16,000 and an a 24-hour quantity of practically $72,000.
The $IGLOO token had reached a market cap of practically $16,000 at time of writing.
Taking management of Instagram accounts to shill dodgy tokens is a tried and examined technique for hackers.
Certainly, again in January, hackers took management of the official UFC Instagram account and tried to promote a fraudulent memecoin.
The publish learn, “UFC fans have been waiting, and the moment is here. Get ready to own the legacy. Precision. Strength. All in one coin. #UFC #UnleashTheFight.”
The fraudulent crypto was additionally promoted on the UFC’s Instagram story.
