“It’s true that someone gained access momentarily to our Meteora X account. We’ve since reset the account and are now verifying.” Zen, co-founder of Meteora, stated following unauthorized posts, which added fuel to an ongoing memecoin controversy.
The hack caused confusion and speculation in the crypto community, highlighting the ongoing security risks in the industry. With social media platforms remaining prime targets for scams and fraudulent promotions, one rule still applies: if it seems too good to be true, it’s probably a security breach.