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The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As a result, Brazil token has soared more than 10,000% in a few minutes, collecting for more than 1.3 million USD.
During his time, Bolsonaro rarely promoted the cryptocurrency industry or attached to this community.
This week, the frauds on the cryptocurrency social online are increasingly prominent, and a humorous example targeted Jair Bolsonaro. A local infuencer report That Bolsonaro’s Social network account is Hacked and is used to promote Brazil, a suspicious Meme Coin.
The post was removed quickly, but crooks still accumulated more than 1.3 million USD. This is a dark trend that is emerging with political coins throughout the week.
“The official Bolsonaro’s account on X (formerly Twitter) was hacked and they released a cryptocurrency called” Brazil “, up +10,000% in just a few minutes! Be careful, don’t buy. It was a fraud and the sons of Bolsonaro warned this on their official accounts, ”Berman said.
During his term, Bolsonaro was not considered a special support for cryptocurrencies. He signed a number of friendly rules in the late term after losing the 2022 election but did not do many other things for this field.
However, under the successor of the successor, financial management agencies have approved a Solana ETF and the Brazilian central bank has cooperated with Chainlink to create a CBDC.
All this makes focusing on Bolsonaro for a strange Meme Coin fraud. However, as Vitalik Buterin emphasized yesterday, Meme Coin political is growing sharply in this field.
Since the US president released its own meme Coin Trump, crooks have identified a trend that can be profitable. Recent surveys show that more than 40% of Trump buyers are new people in the cryptocurrency industry, and crooks have collected $ 857 million by deceiving them.
In addition, a Filipino group created a fake XRP wallet they claimed to be associated with the US Department of Finance. President Trump’s meme Coin has made expectations that many celebrities or political leaders will follow.
Therefore, investors are seeking to take advantage of every emerging Coin meme but most ends with losing money.
“The risk of political coins comes from the possibility that they become the perfect bribe tool. If a politician releases coins, you don’t even need to send * to them * any coin to give them money. Instead, you just need to buy and keep coins, this increases the value of their portfolio passively, ”recently Vitalik Buterin write On X (formerly Twitter).
Political Coin Meme has caused concern for the cryptocurrency community, even if they are legal. If hackers continue to use them to perform naked stealing plots, they can seriously affect the reputation of the community.
The crooks succeeded in appropriating Brazil by hacking Bolsonaro, although he has no real -life connection with cryptocurrencies. This is a worrying sign.
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