Over the weekend, a series of sophisticated cyberattacks targeted the cryptocurrency world, resulting in the compromise of several X accounts belonging to influential figures and celebrities. These high-profile targets were used as a platform to promote various coins, leading to brief but significant price surges.

Prominent Targets

One of the most prominent targets was GCR, whose account was compromised on May 26.

After the initial intrusion, the hacker posted promotional content on ORDI and Luna2.0, causing momentary price increases of 6% and a staggering 274% for the tokens, respectively. This sudden surge in value underscores the potential financial impact of these hacks.

Observers noted that the hacker could have chosen to promote a microcap coin for more significant gains rather than the relatively established ORDI, which already has a market cap of $856 million.

Udi Wertheimer, a Bitcoin developer and Ordinals supporter, issued a stark warning that the incident with GCR may not be an isolated case. This broader operation targeted celebrity X accounts, such as mumble rapper Rich the Kid and media personality Caitlyn Jenner, highlighting the unpredictable nature of these hacks.

Rich the Kid and Caitlyn Jenner

For the former, a new token called $RICH was promoted on the Solana meme coin creation platform pump.fun.

No official confirmation from Rich the Kid's management team has been posted, although the post has already been deleted. However, it is worth noting that the affected parties are taking immediate action to address the issue and protect their users. According to data from Dex Screener, this coin's current market cap has stagnated at $144K.

As for Jenner's account, a meme coin named $JENNER was also promoted, moving the coin's market capitalization to $25 million, according to aggregated data from Raydium and GeckoTerminal.

Despite videos of Jenner assuring followers that the posts are genuine, many industry experts believe the account has been compromised.

Crypto Wallet Concerns

Interestingly, the crypto wallet address posted by Jenner matches the one used by adult content creator Kazumi, whose account was hacked on May 20 to promote the ZUMI coin.

No data regarding the threat actor's identity has been disclosed at the time of writing, while no particular entity has claimed responsibility for the hacks, and whether these are connected or related to a singular hacker or group has not been established.

"Despite videos of Jenner assuring followers that the posts are genuine, many industry experts believe the account has been compromised."