NewsBTC
27 February 2025
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Pump.Fun X Account Hacked, Promoting Fake PUMP Memecoin

The official X account of Pump.fun, a Solana-based memecoin launchpad, was hacked. The attackers promoted fake cryptocurrencies, including a supposed governance token named PUMP.

Pump.Fun Hack Overview

  • The hack occurred on Wednesday; hackers shared various memecoin contract addresses.
  • Promoted the “official” PUMP token, claiming rewards for “OG DEGENS.”
  • The crypto community quickly identified the scheme as fraudulent and alerted users.
  • Bubblemaps warned that PUMP's supply was heavily concentrated, indicating a potential dump.
  • Pump.fun's founder confirmed the breach and advised against interaction with compromised links.
  • Hackers extracted approximately $600,000 shortly after promoting the token.

Additional Details

  • In addition to PUMP, other tokens like OG, Extract Protocol (EXAI), and Pump.fun Hacked (HACKED) were promoted, netting around $90,000 for the attackers.
  • Despite previous scams, some investors continued to buy the tokens, with one reaching a market cap of $1.5 million.
  • Hackers suggested creating a legitimate token called “Hackeddotfun” with a promised market cap of $100 million.

Possible Links to Other Hacks

  • Investigator ZachXBT connected the Pump.fun hack to previous compromises involving Jupiter DAO and DogWifcoin.
  • He indicated these breaches may involve social engineering rather than team negligence.

Investor sentiment towards memecoins is currently low, exacerbated by recent scams. As of now, Pump.fun has regained control of its X account and is investigating the attack.