Pump.fun X hack reveals security concerns at critical juncture for memecoins
Pump.fun’s X account was compromised by hackers who promoted a fake governance token — raising questions about memecoin regulation and security.
Hackers gained access to the memecoin platform Pump.fun’s X account on Feb. 26, raising questions about security at a crucial time for memecoins and the crypto industry as a whole.
The platform has since regained control over its X account. Pump.fun said that it’s unlikely any of its staff are at fault as it followed “industry best-practices, and focused on minimizing the risk of such an event occurring.”
According to blockchain sleuths like ZachXBT, the attack on the platform may have been perpetrated by the same hackers responsible for other similar exploits.
