Kylian Mbappé hacked! Millions of $ lost in a crypto scam

Famous French footballer Kylian Mbappé recently had his X account (formerly Twitter) hacked, leading to a scam that cost his followers millions of dollars. On August 29, 2024, hackers took control of his account and launched a fraudulent crypto called $MBAPPE. The scam quickly caught the attention of fans and investors, causing the cryptocurrency to skyrocket in value before crashing dramatically.

Mbappé's X account hacked! A scam that hurts

Hackers used Kylian Mbappé’s fame to promote $MBAPPE, posting messages on his X account to encourage his millions of followers to invest. Within minutes, the value of this crypto reached tens of millions of dollars, before dropping to zero, leaving many investors with significant losses.

According to the dataone unlucky user spent 7,156 Solana (roughly $1.03 million) to buy the $MBAPPE token, losing $1 million in an hour, with his holdings now worth around $9,200. In contrast, another crypto trader spent just 0.2 Solana (roughly $29) and sold his tokens three minutes later for 866.14 Solana (roughly $125,160), making a 4,330x return.

Vigilance in the crypto ecosystem

This incident highlights the growing dangers of cryptocurrency scams and the importance of online vigilance. Hackers often exploit users’ trust in public figures to legitimize their scams. In this case, Mbappé’s reputation was used to give apparent credibility to a fraudulent crypto.

Authorities and cybersecurity experts remind users to verify the authenticity of information before investing in crypto, especially when it is promoted on social media. It is crucial to be wary of offers that seem too good to be true and to seek reliable sources before making financial decisions.

The Kylian Mbappé X account hack scam is a stark reminder of the risks associated with online investing and the importance of caution. Users should remain vigilant and skeptical of crypto promotions, even when they appear to come from reliable sources.