Kylian Mbappe’s Social Media Account Hijacked to Promote Fake Cryptocurrency
Kylian Mbappe's X account was recently hacked, and the intruder used it to promote a new cryptocurrency token called $MBAPPE.
The token’s value surged to tens of millions of dollars shortly after the promotion but quickly collapsed when the hacker sold off the entire supply.
Mbappe, who has 14.4 million followers on X and recently joined Real Madrid, became the latest high-profile target in a series of celebrity account hijackings aimed at pushing fraudulent crypto schemes.
The hacker posted a link to the $MBAPPE token and soon after sold all holdings, leading to a sharp drop in its value. One investor lost $1 million after buying the token, which plummeted in value within an hour. Another trader made a significant profit by quickly buying and selling the token.
READ MORE: Hamster Kombat to Launch HMSTR Token and Airdrop on September 26
This incident follows a recent hack of McDonald’s Instagram, where scammers promoted a fake coin called Grimace (GRIMACE30045-USD). The coin briefly gained a $20 million market cap before crashing. The hackers used the company’s social media accounts to mislead investors and claim fake endorsements.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
