Cryptocurrency -scumplers hijacked the X account of the British parliament member Lucy Powell to hype and dump a scam titting on unsuspecting traders.
On April 15, Powell, the leader of the Lower House, seemed to promote a Solana -based cryptocurrency called the House of Commons Coin through its verified account on X. The posts claimed that HOC was “a community -driven digital currency”, who ordered followers to buy.
An employee of the Powell team later confirmed At the BBC, the Powell account was compromised and said that quickly steps were taken to lock it up and remove the misleading posts.
Despite the attempt to create the hype surrounding the launch, the hoc -token hardly made a splash compared to other similar incidents.
Facts From Dex Screener shows that it achieved a peak market capitalization of just over $ 24,000 and only registered 736 transactions with around $ 71,000 in total trade volume. From the moment of the press it held a market capitalization of around $ 3,800.
Powell has no history of endorsing crypto, but a number of political figures are recently linked to tokens, some voluntary, others through hacks.
Last month, for example, the X account of the President of Ghana, John Dramani Mahama taken over For two days to promote a scam called Solanafrica. In the meantime, in January, the X account of the Cuba Ministery of Foreign Affairs was locked after it seemed to promote “Cuba”, which briefly achieved a market capitalization of $ 30 million before crashing.
Last year the American entrepreneur and politician Vivek RamasaWamy were victims of a similar incident, and bad actors used his X account to stimulate a fake announcement about a partnership between the US Department of Government Efficiency and a Stablecoin called Usual.
In Argentina, however, President Javier Melei landed in warm water over a token called Libra, which he briefly promoted on X on February 14. The post sent the token more than 3,000%, but only a few hours later it depicted by 90% after Milei had removed the post after Milei had removed the post after Milei had removed the post after Milei had removed the mail and claimed that he did not know much about the project.
Things didn’t stop there. Research suggested that a group of insiders, including Celier Ventures, possibly rigged the launch by controlling tokent access and liquidity. Allegedly, the insiders move had more than $ 110 million underway.
