On November 14, the official Dogwifhat X account was hacked by crypto scammers to promote three Solana-based meme coins: Popwifnut (POPWNUT), Muu (MUU), and DogWifDoge (WIFD). The account, boasting over 115,000 followers, was renamed and used to post fraudulent messages encouraging users to buy these tokens, leading to a short-lived price spike. Web3 security firm Harpie confirmed the breach and warned users to avoid engaging with the compromised posts. Community members also raised the alarm, prompting swift action.

Rapid Price Surge and Subsequent Crash
Following the scammers’ promotions, the MUU token, created less than a month ago, reached an all-time high according to Dexscreener data. However, its price quickly plummeted as the attackers liquidated their holdings. Similar pump-and-dump patterns were observed for POPWNUT and WIFD, both of which were created within 24 hours of the hack. As of this writing, these tokens have dropped by more than 83%, with market capitalizations of $12,000 and $37,000, respectively.

Developers Regain Control
The Dogwifhat development team swiftly regained access to the X account and removed all traces of the scam. Despite the hack, the Dogwifhat token (WIF) remained relatively stable, experiencing only a 17% correction in the past 24 hours, partly due to Bitcoin’s 2.4% price drop.

A Growing Trend of Crypto Scams
This attack is part of a broader trend where scammers target prominent crypto accounts on the X platform. In September, the Decentraland X account was hacked and used for a phishing campaign. Other compromised accounts, such as Yahoo News UK and Lenovo India, have similarly been exploited for fraudulent schemes. This incident underscores the urgent need for robust security measures to protect crypto projects and their communities from such scams.

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