Rapper Doja Cat’s X Account Hacked to Promote Scam Token, Investors Lost $1.6M
Rapper Doja Cat’s X account was hacked on July 8, resulting in the promotion of a rip-off token named after her.
Rapper Doja Cat’s X account was hacked on July 8, resulting in the promotion of a rip-off token named after her. The rip-off token, “Doja Cat (DOJA),” briefly reached a market capitalization of $1.65 million after being promoted by way of the hacked account. Nonetheless, it quickly plummeted to a market cap of simply $16,820, leading to investor losses exceeding $1.63 million.
Doja Cat herself seems to disavow the hacked put up. “It isn’t me!” she declares, “It’s actually an imposter!” She continues, “Guys, don’t consider no matter that was, OK. It was another person.” Iggy Azalea responded to the incident on her personal X account, stating that she acknowledged the put up was not from Doja Cat. “Get rugged if yall need however I’m cool w that woman irl so yall f*cked up w that tweet hackers,” she wrote.
The rip-off token’s Solana contract tackle revealed that “Doja Cat” (DOJA) reached a peak value of $0.001656 shortly after its launch, implying a market cap of $1.656 million with a complete provide of 1 billion cash. Throughout the subsequent hour, the token’s value dropped to $0.00007352, and on the time of publication, it had additional declined to $0.00001682, leading to a market cap of solely $16,820 and investor losses of over $1.63 million.
The latest surge in celeb memecoins has seen a lot of them lose 90% or extra of their worth inside hours of launch. Authorized consultants recommend these cash would possibly face class-action lawsuits and scrutiny from the US Securities and Change Fee.
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