Dive into the recent Instagram hacks of Adele and other stars, used to promote crypto scams. Learn about the pump-and-dump scheme and how to stay safe in the wild world of crypto.
Alright, New Yorkers, listen up! The digital streets are getting shady. Last week, some major celeb Instagram accounts—think Adele, Future, Tyla, even the late Michael Jackson—got hijacked to push a crypto scam. Let's break it down real quick.
The Hack: A Crypto Pump-and-Dump Scheme
So, what happened? Hackers got into these stars' accounts and posted AI-generated images. The most eye-catching one? Future holding a giant coin with "FREEBANDZ" on it – which, yeah, is his record label and clothing line. But it was also the name of a Solana-based meme coin they were trying to pump.
The coin briefly shot up to almost $900,000 before the creators pulled the rug, dumping a massive amount of tokens and crashing the price. Classic pump-and-dump, leaving regular folks holding the bag.
The Victims: Not Just Celebrities
Future's Instagram account was deactivated, but as of now, Adele and the other stars haven't said anything publicly. This isn't a new thing. Earlier this year, the UFC's Instagram got hacked, costing crypto users $1.4 million. Even Obama and Musk have been targets. Scammers are getting bolder, y'all!
Why It Works: Credibility and Hype
These scams work because they borrow credibility from famous names. People see Adele or Future associated with something, and they're more likely to jump in. It's all about creating hype, then cashing out before everyone else loses their shirts.
My Two Cents: Stay Woke!
Honestly, this whole thing is wild. It’s a reminder that nobody’s safe online, not even superstars. And while a quick buck sounds great, if something seems too good to be true, especially if it’s promoted on a hacked celebrity account, it probably is. Do your homework, New York! Don't throw your money at something just because a celebrity (or their hacked account) is flashing it around.
The Takeaway: Be Smart, Be Safe
The crypto world is like the Wild West, so keep your wits about you. A little common sense can save you a lot of heartache (and money). Stay vigilant, and don't let these digital hustlers take you for a ride. After all, in this city, we're supposed to be the ones running the scams, not falling for them!
