The attackers demanded 40 BTC (approximately $4.3 million) from Gokal. Their posts included statements such as: “You should have paid 40 BTC” and “It was only 40 BTC… you should have paid.” Following these threats, the hackers posted a photo of Gokal holding his passport, his personal contact details, and images of an unidentified woman.  

Security Alarm in the Solana Ecosystem  

Additionally, they changed Migos’ Instagram bio. They promoted a new meme coin and shared links directing users to various Telegram groups. Security experts believe these groups aim to scam users with fake investment promises. Instagram removed the posts after about 90 minutes, but the content had already reached millions.  

Blockchain researcher ZachXBT revealed details of the attack on social media:  

“They targeted Gokal’s personal accounts. Using the information they gathered, they tried to extort money from him. It seems when he didn’t pay, they started exposing him. Today, they took over Migos’ account to spread this content.”  

Meanwhile, The Rollup co-founder Andy claimed that a Solana wallet balance belonging to a person named “Arvind” was also leaked in the posts. However, this person’s identity remains unclear.  

JUST IN: Hackers compromised rapper Migos’ Instagram account to leak Solana co-founder @rajgokal's passport, ID, and family pictures.

The materials appear to be KYC images, raising questions about whether the source may be linked to recent @coinbase data breach.

The caption… pic.twitter.com/wKEVKP1dFi

— SolanaFloor (@SolanaFloor) May 27, 2025

Gokal had warned his followers on X (formerly Twitter) days before the attack:  

“They tried to take over my email, social media, Google, and Apple accounts. If you see any suspicious posts about token launches or fundraising, know that it’s not me. Please be cautious.”  

The Solana (SOL) Foundation also issued an official statement regarding the incident:  

“This attack targeted Raj Gokal’s personal security. The Solana network and its projects were not affected. However, this event reminds everyone operating in the digital asset space to review their security.”  

The foundation also issued warnings to the community, emphasizing that users should trust only announcements from official channels. Additionally, they recommended basic security measures such as two-factor authentication, strong passwords, and regular account checks.  

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The post 40 BTC demanded from Solana founder: Instagram Hack Scandal appeared first on Coin Engineer.

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The second phone, which has not yet been announced, is quickly selling out. Solana Mobile announced that they reached their 7-day sales goals within the first 24 hours. Solana co-founder Raj Gokal stated that they received more than 25,000 pre-orders in the first 24 hours after the announcement, and they have exceeded 30,000 orders as of 30 hours. This is a significant increase over the nearly a year it took to cross the 20,000 barrier in the first phone.

The phone, which will be shipped in the first half of 2025, will be Android-based, will include an integrated cryptocurrency wallet, and will be able to run dApps. The first version of Saga was released at a price of $1,000, and then the price was reduced to $599. The sales price of the new version is set at $450.

Airdrop BONK based on Solana

The owners of the first phone had a great value by receiving 30 million BONK tokens for free. Although the value of these tokens was initially low, it rose to $800 with the large price increase in BONK. Airdrops to phone users were not limited to BONK, and later different airdrops were also carried out. This airdrop frenzy caused the price of Saga to rise to $5,000 on eBay.

The most important factor behind the high demand for the second phone is the expectation of the next airdrop. The users of the new device will also be rewarded, but the rewards have not yet been announced. Additionally, every pre-order placed through a referral link identified for customers who have linked their wallets and X accounts will allow them to climb the leaderboard on the Solana Mobile website. This is said to increase the chances of receiving rewards and gifts from ecosystem teams.

The post Solana ‘s New Phone Airdrop Opportunity: 25,000 Sales appeared first on Coin Engineer.