Hackers attacked the Nasdaq account on X and used it to promote the fake coin STONKS, whose price soared to $80 million but crashed after the scam was exposed and the fake account was deactivated 🚀

Hackers compromised the Nasdaq account on platform X and used it to promote the fraudulent meme-coin STONKS. Within hours, the coin's value surged to 80 million dollars but then crashed just as quickly. The scammers created a fake account that looked like an official Nasdaq affiliate to attract investors and give the coin a false sense of legitimacy. Once the scam was exposed, the value of STONKS plummeted. The deceptive tweet was quickly removed, and the fake account was deactivated, but the damage had already been done. This incident underscores the importance of enhancing security measures, including multi-factor authentication and active account monitoring.