Social media security took a nosedive when Pump.fun’s X account fell victim to hackers on February 26, 2025. Despite industry-standard protections and access limited to just one authorized individual, cyber criminals somehow wormed their way in.
No confirmation emails. No warning signs. Just a full-on compromise of a trusted platform’s voice.
The hackers wasted no time. They immediately began promoting a fake “PUMP” governance token, convincingly presenting it as the official offering from Pump.fun. Nice touch using the platform’s actual mobile app launch video to sell their scam. Classic misdirection.
Crypto users aren’t always the most cautious bunch, but this time many spotted the red flags quickly. Blockchain data firm Bubblemaps sounded the alarm, pointing out that 60% of the token supply sat in just two clusters. Manipulation much? Still, warnings only go so far.
By the time the dust settled, approximately $600,000 had vanished into the hackers’ wallets from the fake PUMP token alone. The decentralized nature of cryptocurrency meant no central authority could step in to reverse these fraudulent transactions. They didn’t stop there. Additional scam tokens like OG, Extract Protocol, and ironically named “Pump.fun Hacked” netted another $90,000.
One of these gems even reached a $1.5 million market cap at its peak. People kept buying despite repeated rugs. You can’t make this stuff up.
Founder Alon Cohen eventually confirmed the hack and regained control of the account. The February 27 incident became part of a troubling pattern affecting the memecoin sector. The team followed standard security procedures, suggesting the breach might have originated within X itself rather than poor password hygiene.
This isn’t an isolated incident. ZachXBT, an on-chain investigator, connected the dots between this attack and similar compromises of Jupiter DAO and DogWifCoin accounts. Social engineering of X employees seems the likely culprit. Important to note that Pump.fun itself has no native token and only facilitates Solana-based cryptocurrencies.
The whole fiasco highlights the growing security risks in crypto. Social media vulnerabilities, hasty token launches, and the eternal struggle between greed and common sense. Same story, different day. The crypto wild west rides on.
