{"id":27098,"date":"2024-08-19T20:45:21","date_gmt":"2024-08-19T17:45:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27098"},"modified":"2024-08-19T18:22:30","modified_gmt":"2024-08-19T15:22:30","slug":"ava-labs-coos-x-account-allegedly-hacked-he-posted-memecoins","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ava-labs-coos-x-account-allegedly-hacked-he-posted-memecoins\/","title":{"rendered":"Ava Labs COO\u2019s X Account Allegedly Hacked, He Posted Memecoins"},"content":{"rendered":"

Ava Labs\u2019 chief operating officer Luigi D\u2019Onorio DeMeo\u2019s X account has come to the fore with suspicions that it may have been hacked after he shared memecoins and suspicious links.<\/p>\n

Luigi D\u2019Onorio DeMeo\u2019s X account was allegedly hacked after he shared posts about a newly released Pok\u00e9mon-themed memecoin and suspicious airdrop links. In two posts made on August 19th and now deleted, the address of a memecoin called Pika (PIKA) based on Solana was shared. The coin appears to be inspired by Pikachu, one of the central characters in the media franchise, and the posts point to a possible pump-and-dump scheme.<\/p>\n

Many crypto users have warned on the X platform not to click on or follow the shared links.<\/p>\n

\u201cI am an [Avalanche] maxi, but Solana is bound to lead this bull market,\u201d DeMeo\u2019s account said in a post. \u201cDue to the increasing interest in memecoins, I am creating the $PIKA token on Solana based on my favorite character.\u201d<\/p>\n

It is not known how the attackers infiltrated DeMeo\u2019s account. Ava Labs did not immediately respond to requests for comment sent outside of business hours. DeMeo did not immediately respond to a message sent on LinkedIn.<\/p>\n

Might interest you: Crypto Market Awaits FOMC Minutes and Fed Chair Powell\u2019s Speech<\/a><\/em><\/p>\n

Following the posts from DeMeo\u2019s account, PIKA\u2019s market cap rose to $388,570 at approximately 1:40 UTC, but it quickly fell, losing more than 99% of its value and currently sitting at $3,289 (according to DEX Screener data).<\/p>\n

DeMeo\u2019s account also shared links to suspicious websites claiming to distribute Avalanche tokens and invited users to connect their crypto wallets. Comments have also been disabled to prevent others from reporting scams, and it has been claimed that \u201cmalicious links\u201d are likely to be shared.<\/p>\n

These websites, while stylized to mimic Ava Labs\u2019 design, may also contain a \u201cwallet drainer\u201d that steals all crypto from the connected wallet.<\/p>\n

The X account \u201cREKTBuildr\u201d reported that another scam website link was previously shared from DeMeo\u2019s account. That link has since been removed.<\/p>\n

REKTBuildr estimated that the domain in question was registered 18 minutes before the link was shared from DeMeo\u2019s account, and that the attackers spent 30 minutes registering the domain, finding hosting, and sharing the scam link after taking over DeMeo\u2019s account.<\/p>\n

Similar attacks have occurred this year. In July, actress Sydney Sweeney\u2019s X account was hacked to promote a crypto token using her image.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Ava Labs\u2019 chief operating officer Luigi D\u2019Onorio DeMeo\u2019s X account has come to the fore with suspicions that it may have been hacked after he shared memecoins and suspicious links. Luigi D\u2019Onorio DeMeo\u2019s X account was allegedly hacked after he shared posts about a newly released Pok\u00e9mon-themed memecoin and suspicious airdrop links. In two posts<\/p>\n","protected":false},"author":6,"featured_media":8258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[272,7990,7991],"class_list":["post-27098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-avax","tag-avax-coo","tag-avax-coo-x-account"],"yoast_head":"\nAva Labs COO\u2019s X Account Allegedly Hacked, He Posted Memecoins - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ava-labs-coos-x-account-allegedly-hacked-he-posted-memecoins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ava Labs COO\u2019s X Account Allegedly Hacked, He Posted Memecoins - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Ava Labs\u2019 chief operating officer Luigi D\u2019Onorio DeMeo\u2019s X account has come to the fore with suspicions that it may have been hacked after he shared memecoins and suspicious links. 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