Hackers recently compromised the social media accounts of SpaceXAI and Starlink, then used the accounts to launch a token called $SCATMAN before quickly cashing out, according to Techub News. On-chain data cited from Lookonchain shows the attacker minted 10 trillion tokens and sold the entire supply for 59 ETH, worth about $108,000 at the time cited in the report. A related wallet also realized another 14.7 ETH, or roughly $27,000. Combined, the proceeds came to about $135,000. The report described the incident as a classic account-takeover rug pull, in which attackers lean on a well-known brand name to attract buyers, mint a large amount of tokens, and exit quickly. The identity of the hacker remains unclear. The destination of the funds has not been disclosed, and the status of the compromised accounts had not been confirmed at the time of publication.
Hackers used SpaceX-linked accounts to launch and dump a token
Hackers recently compromised the social media accounts of SpaceXAI and Starlink and then issued the $SCATMAN token before rapidly selling it off, according to Techub News.
On-chain data points to about $135,000 in proceeds
Lookonchain said on-chain records show the attacker minted 10 trillion tokens and sold all of them for 59 ETH, worth about $108,000. A related wallet also cashed out another 14.7 ETH, or about $27,000.
Report describes a classic account-hijack rug pull
The incident was described as a typical rug pull following an account takeover. The attacker appeared to use the SpaceX and Starlink brands to draw in investors, minted a massive token supply, and exited after the sale.
The hacker’s identity remains unknown. The destination of the funds and the current status of the compromised accounts were still unconfirmed.
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