Scammers release & promote $MBAPPE after hacking Mbappe’s Twitter account

On Thursday, crypto scammers released and promoted memecoin, $MBAPPE token after hacking French football star Kylian Mbappe’s Twitter account. The promotional tweets for $MBAPPE  are now been deleted. The market value of $MBAPPE tokens soared to tens of millions in a few minutes  before quickly getting down to zero.

Journalist Colin Wu reported that a user invested 2 SOL, about $286, into the token and then sold it at its peak, securing a profit of around 1,398 SOL worth $200,000.

One of the crypto investors fell prey to the scam and lost over $1 million in just an hour on Thursday, after buying the token.

Someone created a new wallet and spent 7,156 $SOL($1.03M) to buy a #MEMEcoin named $MBAPPE in a single transaction, which is now only worth $9.2K.

This person lost more than $1M in just 1 hour!😱https://t.co/IKsUN14km1 pic.twitter.com/kTF6SQCKT4

— Lookonchain (@lookonchain) August 29, 2024

A user on twitter claimed that according to this graph, the person who hacked Mbappe’s account made nearly $100k in an hour from a Crypto scam. 

Kylian Mbappe’s X account on Thursday was hacked and was used for posting multiple promotions for the cryptocurrency ‘$MBAPPE’ that uses Solana-based memecoin deployer Pump.fun, a platform for creating and launching memecoin in an easy and quick manner.

Minutes after the promotional tweets, crypto twitter discovered that the ‘MBAPPE’ token quickly spiked  before going down to zero within minutes. This suspicious act led to people seeing through the hack and raising alarms with regard to the matter. The posts have since been deleted.

Apart from carrying out  the massive crypto heist, the hacker had the time of his life by shitposting and leaving Twitter in splits.

A thread: Kylian Mbappe hacked X account tweets in the early hours of 29/08/2024: pic.twitter.com/uoC7ohTtR5

— KurdyAFC (@AfcKurdy) August 29, 2024

This is not the first time, Mbappe’s account was compromised to execute a dubious scam. Back in 2019 and 2020, hackers promoted Bitcoin, to lure investors with false promises of quick profits using the footballer’s Twitter account.