UFC, a well-known mixed martial arts organization, was severely compromised on Wednesday when a hacked Instagram post promoted an unapproved Solana image coin that quickly soared to a$ 11 million market cap.
That’s before the attackers sold their 40 % offer, of course, profiting$ 1.4 million in the process—that’s more than Khamzat Chimaev earned at UFC 308. Due to the token’s 97 % price drop, many UFC fans have suffered significant losses as a result of this pump-and-dump.
” Tournament enthusiasts have been waiting, and the second is ok. Getting ready to own the tradition. Precision. Power. ALL in one gold. # UFC# UnleashTheFight”, the now-deleted Instagram post read, followed by the Solana token contract address.
This post caused UFC Coin ( UFC) to spike 44, 367 % in just 41 minutes to a market cap of$ 11.31 million. Numerous Telegram users told that they thought the Instagram post was authentic, especially given that Donald Trump has just released his own ( real ) coin.
” I]bought ] because]the ] Trump one was the same story in the beginning”, Telegram user Nenad told . ” Everyone thought it was false, but it wasn’t”. They added,” I quickly realized it was fake since the remarks were out, but I stayed anyhow to see what will happen sadly”.
A UFC national confirmed to MMA Addict that the article was not reasonable, and that the company’s Instagram accounts had been hacked.
According to on-chain data visualization business Bubblemaps, 40 % of the total key offer was controlled by a group of 19 connected wallets—presumably the intruders. In total, this swarm profited almost$ 1.4 million from simply over$ 40, 000 worth of purchases.
One trader invested$ 74, 200 across five deals at the top, plus two more deals after the 97 % drawn down, according to DEX Screener. Together, these resources currently total only$ 5,745. Similarly, another trader bought$ 67, 800 of the token, which is now worth just$ 5, 266, another saw their$ 51, 700 investment plunge to just$ 3, 000, as of this writing.
A group acquisition team has been set up to try to raise the price of the token in an effort to recover some of their loss. Before the UFC Fight Night: Adesanya vs. Imavov function this weekend, some investors are attempting to reach MMA reporters to talk to Dana White about the gift.
UFC is just the latest of a long series of large corporations that have been compromised solely to promote a crypto fraud. Last year, the official McDonald’s Instagram account was hacked, along with the X account of a company executive, with the attackers ultimately running away with$ 700, 000 via a scam Grimace token.  ,  ,
However, the market has also seen an flood of cryptocurrencies linked to reputable companies and/or their owners. Earlier this month, the creator of video game Vine launched Vine Coin (VINE), which peaked at a market cap of$ 475 million. Customers are now making speculative comments about how it might be used in a upcoming software restart.
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