Hackers hijacked Mahathir Mohamad's account on X to promote the fake cryptocurrency "Malaysia" on the Solana blockchain. Over $1.7 million stolen before the token collapsed 🚨

Hackers hijacked the account of former Malaysian Prime Minister Mahathir Mohamad on X and used it to promote a fake cryptocurrency "Malaysia" on the Solana blockchain. A post claiming it was the country's official cryptocurrency quickly attracted investors, but the token collapsed, and over $1.7 million was stolen. Fraud schemes using the accounts of famous people to create "pump-and-dump" schemes are becoming more common. Cryptocurrency market experts warn of an increase in such cases.