Jupiter Exchange, a leading decentralized trading platform, suffered a security breach on its official X (formerly Twitter) account earlier today. The hacker used the compromised account to promote a scam token, $MEOW, misleading users and resulting in millions of dollars in losses for traders.
🚨 The main @JupiterExchange account has been compromised. 🚨
DO NOT CLICK LINKS!!!
DO NOT BUY!!!Team is working on restoring access.
Repost to spread the word.
— Jupiter Mobile (@jup_mobile) February 6, 2025
Jupiter Exchange X Hack: What Happened?
According to screenshots shared by users, the hacked X account aggressively promoted a fraudulent meme coin named $MEOW. The token’s name was seemingly inspired by Jupiter Exchange’s co-founder, known by the pseudonym “Meow.”
Shortly after the attack, Jupiter Mobile’s official X handle issued a warning, confirming that the main exchange account had been compromised. However, as of now, Jupiter has not officially confirmed full recovery of its X account.
Traders Report Millions in Losses
Following the breach, numerous traders reported massive financial losses, particularly within the Solana (SOL) ecosystem.
- Beanie, founder of GM Capital, highlighted the severity of the attack, stating:
“Traders lost millions instantly on this Jupiter account hack … literally in a matter of minutes.”
- Many users voiced frustration over how a platform managing billions in liquidity failed to secure its social media account.
Hacker’s Bizarre Actions: Message to Andrew Tate & X Space
Adding to the chaos, the hacker reportedly sent a “hey” message to controversial influencer Andrew Tate and even hosted an X Space for a short time.
Jupiter Exchange Yet to Fully Recover X Account
While the fraudulent posts have been deleted, Jupiter has yet to confirm full control over its X account. Meanwhile, security experts are urging crypto traders to double-check official sources before engaging with any promotional content.
The attack highlights the growing risks associated with social media security breaches in the crypto industry and raises concerns about better protection measures for major platforms handling billions in liquidity.
