Scammers Hack Bolsonaro's Account, Promote Fake BRAZIL Coin
Scammers targeted Brazil's former President Jair Bolsonaro by hacking his social media to promote a fraudulent meme coin, BRAZIL. The coin skyrocketed by over 10,000% in minutes, resulting in over $1.3 million in stolen funds. Despite Bolsonaro's minimal crypto involvement during his presidency, the scam taps into the rising trend of political meme coins. These scams have been gaining traction, with influencers and scammers exploiting new coins, often leading to significant losses for unsuspecting investors. Crypto enthusiasts are warned to stay cautious as such scams continue to emerge.
Material prepared by the exchange: coytx.com
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