According to a report by celebrity news account Daily Trends, rapper Doja Cat’s X account was hacked on July 8 and used to promote a scam token bearing the rapper’s name. Celebrity news site The Daily Mail also reported that Doja Cat was hacked and used to post negative comments about fellow rapper Iggy Azalea.
The scam token “Doja Cat (DOJA)” reached a market cap of $1.65 million after being promoted through hacked accounts. It later fell to $16,820, causing investors to lose more than $1.63 million.
Daily Trends published an image of the now-deleted Scam X post, which features an image of Doja Cat in armor and wielding a sword. Above the image is the text “Buy $DOJA or else” along with the Solana contract address for the token.
Below the image is a negative statement about fellow rapper Iggy Azalea, who recently launched her own celebrity meme coin, MOTHER. The statement once again urges readers to “BUY DOJA.”
The Daily Trends post also includes a video purportedly shot by Doja Cat herself, in which she appears to claim that the deleted post was not hers. “That’s not me!” she says, adding, “She’s literally a scammer!” She adds, “Don’t believe whatever it was, guys. I get it. It’s someone else.”
Entertainment news site Daily Mail also reported the hack, claiming the account was also used to reply to influencer Andrew Tate and rapper Nicki Minaj with “Hey boo.”
In a post on her X account, Iggy Azalea claimed that she knew the tweet was not from Doja Cat. “You can be as rough as you want, but I’m fine with that girl in real life so you screwed me over with those tweet hackers,” she said.
Related: Iggy Azalea’s Fraud Prevention Plan: Burn Your Own Coins
The contract address shown in the hacker’s post is for a Solana token called “Doja Cat” (DOJA). According to data from DEXScreener, it reached a high of $0.001656 in the first hour after launch. The coin has a total supply of 1 billion coins, which means its peak market cap was $165.6M.
The next hour, the price dropped to $0.00007352. At the time of issuance, the token was at $0.00001682, which meant that the market cap was just $16,820, meaning investors lost a total of over $1.63 million.
In the past few months, a flood of newly launched celebrity memecoins have flooded the market, many of which have fallen by more than 90% within hours of launching. Legal experts have argued that these coins could lead to class action lawsuits and enforcement by the U.S. Securities and Exchange Commission. However, some of these coins were not officially endorsed by the celebrities they represent. Some were the result of hacks.
On July 2nd, actress Sydney Sweeney’s X account was also hacked and used to promote an unofficial SWEENY celebrity coin.
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