Blockchain Security Firm PeckShield Raises Red Flags Over Cardi B’s WAP Memecoin Promotion on X, Suspects Account Hack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 08 2024Concerns Over Cardi B's Account: Blockchain security firm PeckShield has raised alarms about a potential hack of Cardi B's X account, which promoted a memecoin called WAP, cautioning users against interacting with links or wallet addresses in the post.
Celebrity Memecoins Under Scrutiny: The promotion of celebrity-endorsed memecoins has faced increased scrutiny due to past failures and controversies, such as Jason Derulo's JASON token plummeting in value and Iggy Azalea's MOTHER token facing insider trading allegations.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
