Millions lost as Mbappé’s hacked account promotes $460M crypto scam
One trader lost over $1 million within an hour, not realizing that the Real Madrid footballer’s account was hacked before endorsing the scam token.
Traders have reportedly lost millions of dollars after the X account of soccer star Kylian Mbappé was hacked on Aug. 29.
Multiple reports indicate that the hacker used Mbappé’s account to promote a fraudulent cryptocurrency token, promising to “double” any tokens sent to a specific address.? The post caused the market cap of the so-called Kylian Mbappé (MBAPPE) token to surge to $460 million before it plummeted to less than $100,000. ?
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Average crypto hack has larger, unexpected costs in the long term
After analyzing hacks from the 2021-2023 period, ImmuneFi noted that the repercussions may be very serious for some projects and networks. The period coincides with some of the biggest exploits, including those against bridges on Ronin, BNB Chain, and Wormhole. ?
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