Reports indicate that the popular rapper Wiz Khalifa’s X account was hacked on November 3, with the account misused to promote a fraudulent memecoin called "WIZ." This token is currently trading for under $10,000.
Fraudulent Posts Target Crypto Fans
After the account hack, a post appeared suggesting that Wiz Khalifa had "worked with his team to launch $WIZ for all crypto fans." The post encouraged Khalifa’s 35.7 million followers to invest in the token.

WIZ Value Plummets Following a Brief Surge
The WIZ memecoin launched via the Solana platform pump.fun, initially reaching a market cap of $3.4 million within the first 15 minutes. Shortly after, however, its value plummeted as early holders sold off their tokens in large amounts, bringing WIZ down to under $28,000. According to DEX Screener, the token is currently valued around $8,400.

Profits from Token Manipulation
Data from Solscan reveals that the two largest holders bought over 155 million WIZ tokens at launch for approximately $19,100 and later sold them for a combined profit of $160,000.
Suspected Link to Another Hacking Incident
The hacker’s exact identity and how they accessed Khalifa’s account remain unknown. However, blockchain detective ZachXBT noted that this hacker is likely the same individual who compromised Truth Terminal developer Andy Ayrey’s account on October 29. Zach warned on November 3 in his public Telegram group, “Do not buy Wiz Khalifa’s Pump Fun token; it’s the same hacker who recently compromised Andy Ayrey.”
Repeated Account Hacking Pattern
The hack of Ayrey’s account followed a similar strategy—using the account to promote fraudulent memecoins, yielding over $1.5 million in illicit gains.
Significant Drop in Other Memecoins
Truth Terminal, which employs an AI bot, was responsible for inflating the value of the memecoin Goatseus Maximus (GOAT) to a peak of $940 million. However, GOAT’s market cap has since fallen by 39%, currently at $544 million since October 24.

What’s Your Take on Social Media Security?
Do you think stricter security measures should be implemented? We’d love to hear your thoughts in the comments!
#Cryptoscam , #CryptoNews🚀🔥 , #cybersecurity , #Memecoins🤑🤑 , #memecoinalert

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

If, you're considering MEMEFI, it's time to take a step back and look closely at the warning signs. MEMEFI’s Token Generation Event (TGE) has been delayed multiple times without clear reasons, raising serious concerns about the project's legitimacy. Here’s what you need to know.

Red Flags to Watch Out For:

Unexplained Delays: The TGE has been postponed on several occasions, leaving investors in the dark without any solid explanations.

Lack of Transparency: Promises made by MEMEFI’s team are not being fulfilled, and crucial updates are either vague or non-existent.

Doubts About Legitimacy: With the repeated delays and broken promises, the project's authenticity is under question.

Likely Outcome:

The chances of MEMEFI launching its TGE on the promised October 30th date are slim. This pattern of delay and confusion is a classic indicator of a potential scam. Be extremely cautious moving forward.

How to Protect Yourself:

Research Thoroughly: Always verify any claims through reliable and trusted sources. Don't rely solely on what the project itself is saying.

Avoid Unrealistic Promises: Be skeptical of too-good-to-be-true promises. If something seems off, trust your instincts.

Monitor Updates: Keep a close watch on MEMEFI's communication channels, but don’t take everything at face value.

Stay Safe:

In a world full of emerging projects and hype, it's crucial to stay informed and protect your investments. Always be cautious, especially when dealing with projects that show signs of irregularity.

#memecoinalert #CryptoScamWarning #StaySafeInvestSmart