PeckShield’s Warning and Superstar Account Hacks: What You Must Kno
American rapper Cardi B’s X account sparked vital controversy late Monday night time by selling a meme token known as WAP. The token, presumably impressed by her hit tune “WAP,” launched alongside an official web site and its personal X deal with.
Nonetheless, blockchain safety agency PeckShield rapidly raised considerations in regards to the legitimacy of the token, cautioning customers in opposition to interacting with any addresses or hyperlinks shared within the publish.
PeckShield’s Warning and Superstar Account Hacks
PeckShield, a distinguished blockchain safety firm, issued a press release suggesting that Cardi B’s X account is likely to be compromised.
“Cardi B’s X account appears to be compromised,” the agency famous. “Be cautious when interacting with any tackle/hyperlink within the publish.” This warning adopted a video publish on Cardi B’s X account that appeared to characteristic the rapper endorsing the cat-themed token.
The video got here in response to fellow rapper Iggy Azalea, who had beforehand launched her personal token named MOTHER and accused WAP of being a rip-off. This incident mirrors an identical scenario confronted by American media persona Caitlyn Jenner just a few months prior.
Jenner’s X account was hacked and used to advertise a meme token named “JENNER token.” It was later revealed that Jenner was really behind the promotion.
WAP Token’s Market Affect and Ongoing Hypothesis
Regardless of the everyday fast removing of such posts following movie star account hacks, the promotion for the WAP token remained on Cardi B’s account for over 5 hours. Curiously, the account later shared one other unrelated publish that includes Cardi B’s picture.
The persistence of the promotional publish has fueled hypothesis about whether or not Cardi B herself is endorsing the token. Nonetheless, Atlantic Data, Cardi B’s file label, didn’t instantly responded.
The rise of celebrity-backed memecoins in 2024 has been met with blended reactions. Whereas these tokens usually generate preliminary hype, many fail to reveal substantial improvement, resulting in skepticism about their real dedication to the cryptocurrency house.
In June, movie star memecoin promoter Sahil Arora was banned from X after being accused by Caitlyn Jenner of working “pump and dump” schemes associated to her token launched in Could.
Because the scenario with Cardi B’s WAP token unfolds, it serves as a reminder for customers to train warning and conduct thorough analysis earlier than partaking with any new cryptocurrency ventures, particularly these endorsed by high-profile celebrities.
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