Metallica Suffers from Crypto Fraud, X Account Breached

  • Find out the attract and pitfalls connected with Solana’s increase to prominence amid celebrities.
  • Inspite of troubles, Solana continues to show positive traits.

Solana [SOL] is generating headlines as the chosen blockchain for stars wanting to introduce their have memecoins. Even so, alongside this newfound highlight will come some darker facets to contemplate.

While some famous people willingly embrace the Solana memecoin frenzy, some others facial area the unlucky practical experience of getting their accounts compromised and made use of to market several coins.

A Crypto Mishap for Metallica

On the 26th of June, the formal X account of the renowned major steel band Metallica was hacked.

Hackers seized manage of Metallica’s X account and promoted a Solana token named Metallic, falsely professing a collaboration with Ticketmaster to start the token, which was truly designed on the Solana-based mostly platform pump.entertaining.


On investigation, it was confirmed that Ticketmaster experienced not produced any these kinds of collaboration announcement. Metallica’s team has regained control of the account and eradicated all written content linked to the token.

Furthermore, Metallica’s account also accused MoonPay, a fintech enterprise, of involvement with the token.

In response to these allegations, MoonPay’s president, Keith Grossman, clarified on X stating,

“Please exercise caution. MoonPay does NOT endorse $Metal on @solana.”

Including to this, MoonPay additional emphasized their stance on the make a difference.


Afterwards on, Metallica took a move to block MoonPay’s formal account.

MoonPay blockedMoonPay blocked

Not an Isolated Incident!

This state of affairs is not an isolated a single.

Previously this month, a further SOL memecoin, HULKAMANIA [HULK], witnessed a substantial $15 million plunge in marketplace cap soon after a rapid pump-and-dump on June 6th, all occurring within just a span of two hrs.

This function coincided with allegations that wrestling legend Hulk Hogan endorsed the coin on social media, promises that Hogan, also acknowledged as Terry Gene Bollea, afterwards refuted.

Continual Development for Solana Memecoins

Curiously, inspite of these incidents, the market place capitalization of Solana memecoins remained unaffected.As of the newest info, the market place cap of Solana memecoins stood at $6.71 billion, marking a 10.1% increase in the final 24 hours.

Moreover, other memecoins connected to famous people like Jason Derulo’s JASON and Iggy Azalea’s Mother shown positive marketplace sentiments.

According to CoinGecko, JASON surged by a noteworthy 85%, when Mother observed a commendable increase of 29% in the earlier day.

Next: Bitcoin sees liquidations well worth tens of millions in a day: Is BTC’s value sensation the heat?

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