Crypto Scam Alert: Jupiter DEX and Former Malaysian PM’s X Accounts Hacked

The compromised accounts were used to promote scam meme coins, which misled followers into potential financial losses.

Scammers hijacked the X account of Mahathir Mohamad, Malaysia’s longest-serving Prime Minister, to promote another fake token, MALAYSIA.

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Yu Xian, founder of security firm SlowMist, pointed out that the compromised account was used to spread misleading investment opportunities. He stated in a post on X, "Note that the account of the former Malaysian Prime Minister has been hacked."

Meanwhile, the hackers used Jupiter’s main account to advertise a fraudulent token with the ticker MEOW. Some users reported that the token briefly reached a $30 million market cap before disappearing.

@beanimaxi, the pseudonymous founder of crypto venture firm GM Capital, commented that traders lost millions within minutes due to the incident.

Jupiter’s mobile team quickly issued a warning, urging users not to click on any links or buy tokens mentioned in the hacked posts. The team stated they were working to regain control of the account.

Co-founder Siong Ong reassured the community that while the social account had been breached, Jupiter’s core systems remained secure due to their multi-signature protection. He confirmed, "All our programs are in a 4/7 multisig. They are secure. We will go through everything again."

In January 2025, the X account of Dean Norris, an actor from the television series Breaking Bad, was recently hacked. What was the purpose of the breach? Read the full story.