Pump.fun X Account Hacked to Promote Fake Governance Token

The official X (formerly Twitter) account of Pump.fun was compromised on February 26, with hackers using the platform to promote a fraudulent governance token called “PUMP” and other scam coins.

The breach adds to a growing wave of crypto-related social media hacks, exposing the vulnerabilities in Web3 security and putting users at risk of phishing scams and financial losses.

🚨 ZackXBT Warns Users to Avoid Fake Tokens

Renowned onchain investigator ZackXBT was among the first to alert users about the hack, warning them not to engage with any links posted by the compromised Pump.fun X account.

“The official Pump.fun governance token, where democracy has never been this degen. We will also be rewarding our OG degens.”

This fraudulent message, posted by the hacker, attempted to lure users into interacting with the fake token.

According to ZackXBT, the Pump.fun hack is directly linked to the Jupiter DAO X account hack in February 2025 and the DogWifCoin X compromise in November 2024. He emphasized that these incidents were not the fault of the teams involved, but rather part of a coordinated attack on high-profile crypto accounts.

🔍 The Growing Wave of Crypto Social Media Hacks

The Pump.fun team confirmed the hack and is actively working to restore the account.

This breach comes just days after the $1.4 billion Bybit hack—the largest single crypto heist in history—further fueling concerns about security risks in the digital asset space.

In another recent high-profile social media breach, Argentine President Javier Milei unknowingly promoted the LIBRA token in a now-deleted post on February 14.

🔹 LIBRA was pitched as a liquidity solution for startups in Argentina.
🔹 Milei later backtracked, leading to a $107-million rug pull.
🔹 The fallout was described as an international incident.

According to venture capitalist Nic Carter, the LIBRA scandal signals the end of the memecoin era.

“The memecoin trade was entirely based on a claim that was ultimately exposed as a lie – that the casino was at least fair.”

🇧🇲 Bermuda Premier’s X Account Also Hacked

On February 19, hackers took control of Bermuda Premier David Burt’s X account, using it to promote a fraudulent token called “Bermuda National Coin.”

🔹 Almost immediately after the scam post, numerous Bermuda National Coin meme tokens appeared on Pump.fun.
🔹 Burt later called out Elon Musk and the X team, questioning how the hacker managed to obtain a gray checkmark verification, which is typically reserved for government officials.

💭 The Bigger Picture: Crypto Security Faces a Reckoning

The rise of social media-based crypto scams signals an urgent need for stronger cybersecurity measures across Web3 platforms.

🔹 Hackers are increasingly targeting influential accounts to push fraudulent tokens.
🔹 Rug pulls and phishing scams continue to undermine trust in digital assets.
🔹 X’s verification system is being exploited to give scams an air of legitimacy.

With billions at stake, the crypto industry must prioritize security enhancements before more investors fall victim to these coordinated attacks.