Animoca Brands co-founder and chairman Yat Siu was hacked in a hack where his X account was used to promote a fraudulent token on the Pump.fun platform. The hackers used a phishing scheme to defraud more than 15 crypto accounts, stealing almost $500,000. The MOCA token promoted by Siu’s account quickly lost its value. Siu noted that 2FA is not enough to protect accounts and called for stronger security measures.