SAUDI LAW CONFERENCE X Pirated account to promote fraudulent memecoins

In a recent incident, the hackers took over the X-law account of the Saudi law conference, pretending to be the Crown Prince Mohammed Bin Salman to promote the false cryptocurrencies.

In particular, the crooks used the name and the image of the Crown Prince to promote an “official of Saudi Arabia even” and “Falcon same”, sharing the addresses of the contract for the tokens.

Red flags!

The first warning panel was the absence of official government announcements and a lack of clear information on the project tokenomics or the underlying public service.

Another major warning sign for investors has been that the fake contract of SAUDI Arabia even was created on February 10, a week before the official announcement, on the solancoin platform of Solana Pump.fun. Despite the early launch, the token has struggled to gain ground, with only $ 7,489 in market capitalization since its release.

The conference, an important legal event in Saudi Arabia, confirmed that its official account X had been hacked. They clarified Liendin That the content published by pirates does not in any way represent the opinions of the conference or the official position.

“We confirm that we are urgently working to regain control of the account and to decline all the responsibility of all unauthorized messages carried out during this period. We also apologize to our subscribers for any drawback that it can cause and urge everyone to be cautious and to refrain from engaging with any suspicious content displayed in the account until further notice, ” explained the Saudi law conference.

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Cryptos related to volatile celebrities

In addition, this incident follows the controversy involving Argentine President Javier Milei, who promoted a same called Balance in a post that was then deleted. The balanced token (balance), approved by Argentinian President Javier Mileisaw a spectacular drop of 94% after the initiates released $ 107 million from the token.

The interest of retail for the same supported by celebrities increased after the American president Donald Trump Donald Trump Donald Trump is a former president of the president, businessman and American media personality, who was the 45th President of the United States between 2017 and 2021. Trump obtained a baccalaureate in economics in the University of Pennsylvania In 1968. Trump won the 2016 2016 presidential election as a candidate of the Republican Party against the candidate of the Democratic Party Hillary Clinton while losing the popular vote. As president, Trump ordered the ban on traveling to citizens in several Muslim majority countries, has diverted military funding towards the construction of a wall on the American-Mexican border and has implemented a policy of separation of separation from families. Trump has remained an eminent figure of the Republican Party and is considered a probable candidate for the 2024 presidential election President launched the official Trump (Trump) Jeton January 18, followed by Melania Trump Jeme Melania (Melania) January 19. However, the Trump token is down 76% compared to its peak, and the Melania token dropped by 90%.