ZachXBT Warns People to Stay Away From the $HACKED Token, as Bad Actors Are Behind This Crypto Project

ZachXBT, a popular crypto detective known for raising awareness about crypto scams, unethical practices, and hacking alerts, regularly shares information

Crypto detective ZachXBT has warned people to stay away from the $HACKED token, as bad actors are behind this crypto project.

ZachXBT, a popular crypto detective known for raising awareness about crypto scams, unethical practices, and hacking alerts, regularly shares information about hacking incidents within the crypto market.

On 19 Sep 2024, ZachXBT reported that an unknown hacker hacked multiple influential crypto X accounts, using more than two dozen accounts to promote a Solana blockchain-based token called $HACKED. ZachXBT urged people to avoid this token at all costs.

Community Alert: A number of large accounts on X currently have their account compromised and are posting a meme coin scam. pic.twitter.com/8Bvaq59re5

This crypto detective revealed that the hacker earned nearly $9,000 through this hacking incident. According to ZachXBT, the hacker had invested a five-figure amount into this scam but ultimately failed to turn a profit.

The hack likely occurred because all the compromised X accounts were connected to the same site or app and had granted permission for it to post on their behalf.

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These days, a huge number of crypto projects are coming to the limelight through Telegram mini-game-based concepts. Therefore, people also need to be cautious of any crypto token announcements by any crypto exchange, as they may be fake.

ZachXBT vs Circle (USDC)

Just four days ago, ZachXBT criticised Circle, the issuer of the second-largest stablecoin USDC, He claimed that Circle had failed to blacklist an address linked to a North Korean hacker.

https://t.co/Js8gjodBQI#Crypto Sleuth #ZachXBT Slams #Circle (USDC) for Failing to Stop Bad Actors, Sparking Controversy

ZachXBT plays a crucial role in spreading awareness among crypto investors by highlighting malicious activities on X. In the past, he has helped many recover their funds from hacks and uncovered scam meme tokens linked to past scammers.

Individuals like ZachXBT deserve greater appreciation and financial support from Bitcoin and crypto advocacy groups to enable more people to fight against illicit activities in the crypto space.

Read also: Binance Discloses Its Telegram Mini Game Was Leaked Before Scheduled Release Date

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