đšTrader Loses $1,000,000 in Kylian Mbappe's HACKED X account!
A crypto trader recently faced a massive loss of over $1 million, falling victim to a fraudulent Mbappe token, underscoring the dangers of celebrity-linked cryptocurrencies. The trader lost their entire investment within an hour, unaware that Real Madrid star Kylian Mbappe's X account had been hacked and used to promote the scam token.
The scam unfolded when the trader spent over 7,156 Solana (SOL) tokens, worth approximately $1.03 million, to purchase the fake Kylian Mbappé (MBAPPE) token. Just an hour later, the value of the purchased tokens plummeted to a mere $9.2K, resulting in a devastating loss. Lookonchain, an onchain intelligence firm, highlighted this incident, showcasing the extreme volatility and risks in the crypto market.
Following the hack and scam token endorsement, Crypto[dot]com and other major crypto firms quickly warned their users against falling for the fake Mbappe token. The warning came too late for some, but it saved others from potential financial ruin. The fraudulent posts on Mbappé's X account have since been deleted, but not before causing significant damage.
đĄ Interestingly, while many suffered losses, a few savvy traders managed to profit from the scam. One anonymous trader turned a $28 investment into nearly $124,000 by quickly buying and selling the scam token before its inevitable collapse. The trader capitalized on the tokenâs brief surge to an $80K market cap, demonstrating the high-risk, high-reward nature of crypto trading.
Stay alert, and don't fall for the bs!
Wait till Bonuz will start launching the true celeb tokens which are for value and not just for trading.
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