Jupiter Exchange’s X account got hacked on Wednesday (Feb. 5), and the threat actor appeared to be pushing scam tokens in multiple posts. The posts have since been taken down, and Jupiter has since stated that they have now regained control of their account.
They wrote on X: “To be clear: no customer or treasury funds were ever in danger. all programs and funds are in held in secure multisigs. no other comms channels were affected.
“Jupiter is fully secured. this issue was isolated to Twitter alone.
“We’ve got it under control. will update as we learn more.”
we've regained control of our account.
to be clear: no customer or treasury funds were ever in danger. all programs and funds are in held in secure multisigs. no other comms channels were affected.
and, thankfully, all of our team members are safe.
jupiter is fully…
— Jupiter (🐱, 🐐) (@JupiterExchange) February 6, 2025
From what people have shared in screenshots, the official X account was promoting a scam meme coin called $MEOW. The name seems to be a play on “Meow,” which is the pseudonym used by Jupiter’s cofounder.
In a now deleted post, Jupiter Mobile’s X handle wrote: “The main @JupiterExchange account has been compromised.
“Team is working on restoring access.”
Traders lost millions instantly on this Jupiter account hack. Literally in a matter of minutes. It’s amazing how we trust these protocols with billions of dollars in liquidity but they’re not competent enough to protect their social media. Quite the paradox we see too often here. pic.twitter.com/z9WXjRgjZf
— Beanie (@beaniemaxi) February 6, 2025
The founder of the crypto venture capital firm GM Capital, who goes by the name Beanie, said that the hack had caused traders to lose millions. They wrote: “Traders lost millions instantly on this Jupiter account hack. Literally in a matter of minutes.
“It’s amazing how we trust these protocols with billions of dollars in liquidity but they’re not competent enough to protect their social media. Quite the paradox we see too often here.”
So we lost money cause you can’t secure your account ?
— RΞTRICKK.SOL (@Retrickk_crypto) February 6, 2025
A number of users revealed that they had lost money due to the hack. One person said: “So we lost money cause you can’t secure your account?” Another added that they had lost five Solana tokens.
Rise in crypto scams on X
It’s not the first time that crypto investors have been scammed on X. Even the Nasdaq faced issues last month when hackers used its account to promote a fake meme coin called STONKS. The fraudulent STONKS quickly surged to an $80 million market cap, despite a pre-existing memecoin with the same name launching on the same day on Solana.
In September, OpenAI’s @OpenAINewsroom account was hacked to promote a scam crypto token. And other tech companies, such as Google subsidiary Mandiant, was hijacked in January last year when it was used to distribute a fake airdrop which led to those who interacted with it to have their wallets drained.
ReadWrite has reached out to X for comment.
Featured image: Jupiter Exchange via X / Canva
