Hackers Compromise Saudi Law Conference Account to Promote Fraudulent Memecoins
Hackers compromised the Saudi Law Conference's account on X, impersonating Crown Prince Mohammed bin Salman to promote fraudulent cryptocurrencies.
- Scammers promoted an “Official Saudi Arabia Memecoin” and “FALCON Memecoin” using the crown prince’s name and image.
- Posts included contract addresses for the tokens.
- The conference confirmed the account breach and stated that unauthorized posts do not reflect its views.
- They are working to regain control of the account and advised users to avoid engaging with suspicious content.
This incident follows controversy involving Argentine President Javier Milei over a similar memecoin promotion.