Fraud Over Mbappe Token

The X account of Real Madrid’s star football player Kylian Mbappe was hacked by unidentified people. Hackers introduced a token called MBAPPE through Mbappe’s official account. The market value of the token grew rapidly, reaching tens of millions of dollars in minutes. However, this value dropped to zero again in a short time and the token was deleted. After the incident, Mbappe managed to get his account back.

You may be interested in: Profitable Crypto Whale Loses $15.7 Million in Ethereum Trading Loss

One of the most striking aspects of the incident was that an account thought to belong to a hacker or hacker group quickly earned $200,000. This person or persons deposited 2 SOL worth approximately $285 for the MBAPPE token issued on the Solana network and made a huge profit of 1398 SOL worth $200,000 within a few hours.

Users Lost $1 Million on Fake Mbappe Token

On the other hand, another person who purchased $1 million of the same token faced a huge loss. This investor spent 7156 SOL for the MBAPPE token, but lost most of his money as the token’s value rapidly decreased.

2024 Was the Year of Memecoins

2024 was recorded as a year when the popularity of meme coins peaked. Solana-based meme coins also attracted great attention. While coins such as WIF, BONK and BOME stood out, tens of thousands of tokens were issued on the Solana network. These events once again revealed that investors should be careful in the crypto market.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Mbappe’s Account Hacked: Fake Memecoin Lost appeared first on Coin Engineer.