Fake ANIMOCA token surged by 500% in 5 minutes

The first incident was noticed by crypto influencer on X under the nickname Kenta. He reported that a hacker compromised Yat Siu's account and posted a message about the launch of the Animoca Brands token, which apparently was created on the pump.fun platform.

The price of the fake ANIMOCA token rose by 500% in five minutes, but fell almost immediately after the scammer deleted the post.

Yat Siu confirmed the hack through another account. He reported that the attacker managed to bypass the two-factor authentication (2FA) set up for his account.

"Unfortunately, Yat Siu's social media account has been hacked. Animoca Brands has not issued any tokens or NFTs. The token on Solana mentioned in the post was created by a scammer. Please DO NOT interact with the account and stay vigilant," said Animoca Brands.

Animoca Brands is one of the most active investors in Web3. Their portfolio includes over 540 investments, including Yuga Labs, Axie Infinity, Polygon, ConsenSys, Magic Eden, OpenSea, Dapper Labs, Yield Guild Games, and others.$BTC $SOL $BNB