Metallica's social media compromised to promote scam token
Metallica's social media compromised to promote scam token
In a recent cyber incident, Metallica's official X account was hacked to promote a fraudulent cryptocurrency token.
On June 25 around 8 p.m. ET, Metallica’s X (formerly Twitter) account began promoting a Solana-based token named METAL, "a dynamic new token on the Solana blockchain poised to revolutionize how you experience events and shop online", Decrypt reported.
The posts, falsely claiming partnerships with Ticketmaster and MoonPay, were quickly flagged by fans and industry insiders. MoonPay's president, Keith Grossman, clarified that the firm had no association with the token, urging the public to disregard the scam.
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This hacking incident is part of a broader pattern where celebrities' online platforms are exploited for fraudulent purposes. In 2022, Metallica faced similar issues with fake giveaways and livestreams coinciding with their album and tour announcements.
The incident comes just a week after a similar scam targeted the followers of rapper 50 Cent (aka Curtis Jackson) and legendary professional wrestler Hulk Hogan, a target earlier this month.
The rapid escalation of such cyber threats has prompted calls for enhanced security measures on social media platforms, especially for accounts with many followers.
While Metallica has not officially commented on the recent hacking, the incident highlights the vulnerabilities inherent in the digital age. Fans are advised to remain vigilant and skeptical of too-good-to-be-true offers, particularly those involving financial investments.
The industry needs to adopt comprehensive strategies to safeguard against such fraudulent activities, protecting both celebrities and their fans from potential scams.
See also: Bybit overtakes Coinbase as second-largest crypto exchange
