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The team behind the newly launched memecoin, CAT, has been linked to the recent hacking of a crypto influencer's account. The Sol team allegedly manipulated their own coin launch to control over 63% of the CAT supply, selling over $5 million worth of the memecoin. The profits were divided among multiple wallets, with some funds deposited into Hyperliquid for trading. The hackers used the influencer's account to post about certain tokens, manipulating their prices. While the first attempt netted approximately $34,000, the second attempt resulted in a loss. The breach was reportedly caused by a SIM swapping attack.

The team behind the newly launched memecoin, CAT, has been linked to the recent hacking of a crypto influencer's account. The Sol team allegedly manipulated their own coin launch to control over 63% of the CAT supply, selling over $5 million worth of the memecoin. The profits were divided among multiple wallets, with some funds deposited into Hyperliquid for trading. The hackers used the influencer's account to post about certain tokens, manipulating their prices. While the first attempt netted approximately $34,000, the second attempt resulted in a loss. The breach was reportedly caused by a SIM swapping attack.

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