Users Suffer Losses from Meme Coin Scam on Hacked Jupiter X Account

On February 5, the official account of the DEX aggregator Jupiter on X was hacked by unknown individuals to promote a series of fraudulent meme tokens. The incident was reported by the Jupiter Mobile page (the tweet has since been deleted).

Users were advised not to click on links in posts from the compromised account.

According to preserved screenshots, the perpetrators advertised a meme coin with the ticker MEOW, likely named after the pseudonym of Jupiter’s co-founder. They later promoted a fake coin called DCOIN.

Breaking: Jupiter was hacked and is promoting a honeypot.

Stay safe from the scams. pic.twitter.com/K4IFdV4NcK

— Lewsiphur (@Lewsiphur) February 6, 2025

Several users under the warning tweet reported losing their Solana tokens.

Lost 14 sol @jup_mobile

— 1solinfeb (@1solinfebuary) February 6, 2025

According to Beanie, the founder of the venture company GM Capital, the damage exceeded millions of dollars.

Traders lost millions instantly on this Jupiter account hack. Literally in a matter of minutes. It’s amazing how we trust these protocols with billions of dollars in liquidity but they’re not competent enough to protect their social media. Quite the paradox we see too often here. pic.twitter.com/z9WXjRgjZf

— Beanie (@beaniemaxi) February 6, 2025

“It’s amazing how we trust these protocols with billions of dollars in liquidity, but they’re not competent enough to protect their social media,” he added.

On the morning of February 6, the Jupiter team regained control of the account. They emphasized that the issue only affected the X social network, and no customer or treasury funds were at risk.

we’ve regained control of our account.

to be clear: no customer or treasury funds were ever in danger. all programs and funds are in held in secure multisigs. no other comms channels were affected.

and, thankfully, all of our team members are safe.

jupiter is fully…

— Jupiter (?, ?) (@JupiterExchange) February 6, 2025

“All programs and funds are held in secure multisigs. No other communication channels were affected. And, thankfully, all of our team members are safe. Jupiter is fully protected,” they wrote.

Back in late January, an unknown hacker compromised the official X account of the Nasdaq exchange to promote a fraudulent meme token STONKS, mimicking the name of the original Solana-based coin.