You can also find out more about the Popularity of this product. Solana token launchpad Pump.fun The X (formerly Twitter account) of the company was compromised on Wednesday morning and used for the promotion of a few fake tokens. This included a supposed official token.
First post promoting the falsehood “official governance” The Pump.fun token, created using an image of the recent site. mobile app launch video A fake PUMP token is placed next to a Solana address in a Solana agreement.
Despite early calls that the account was compromised and the token was heavily bundled—meaning that the supply was concentrated between clusters of connected wallets—the token breached a $5 million market cap before its swift decline.
pumpdotfun account is hacked ⚠️$PUMP is heavily bundled and will dump pic.twitter.com/7wOy7lhka5
— Bubblemaps (@bubblemaps) February 26, 2025
“Pump.fun account has been compromised, please don’t interact,” Alon Cohen, co-founder of the platform Shared on X.
Cohen confirms to this day that he is still alive. Decrypt The Pump.fun Team has stated that they have not been able to regain control of the account but are working to reestablish it. Hacker sends apparent scam tokens through the account.
Cohen indicated further that all best practices in security were used for the accounts and he suspects the issue was from “within X.”
ZachXBT, a pseudonymous investigator on the blockchain who operates in Telegram, confirmed this assertion. He directly linked the Pump.fun hack with other similar hacks involving Jupiter DAO accounts and Dogwifhat tokens (WIF).
“Notably, for these attacks, it is likely not the fault of either the Pump.fun or Jupiter DAO teams,” ZachXBT wrote. “I suspect a threat actor is social engineering employees at X with fraudulent documents/emails or a panel is being exploited.”
In recent weeks there were rumors of an actual Pump.fun Token, but these were untrue. Fast denied Cohen
The launch of a new meme coin Pump.fun is now cooled Since the year LIBRA token The market has been in a downturn since the scandal of earlier this month. Despite this, the platform has deployed more than eight million tokens since it was launched in early 2018.
Andrew Hayward is the editor
