Jupiter X Account Hack

On February 6, 2025, the official X (formerly Twitter) account of Jupiter, a decentralized exchange (DEX) aggregator built on the Solana blockchain, was compromised by hackers. The attackers used the account to promote a fraudulent memecoin called $MEOW, misleading users into purchasing the token. The scam briefly drove $MEOW’s market cap to $20 million before the attackers executed a classic liquidity pull, leaving many traders with worthless tokens and significant financial losses.

Importantly, the breach was limited to Jupiter’s social media presence—no user funds, platform infrastructure, or treasury assets were affected. All on-chain programs and treasury funds remained secure, protected by multi-signature wallets. Jupiter’s team acted quickly to regain control of the account and issued public advisories, urging users to avoid interacting with any links or purchases tied to the fraudulent campaign.

This incident highlights a rising threat in the crypto space: social engineering and phishing through compromised social media accounts. It reinforced the need for strong platform-level account protections like two-factor authentication (2FA), continuous monitoring, and rapid incident response. Moreover, it emphasized the importance of educating users to recognize scams and questioning unexpected promotional posts, even from seemingly legitimate sources. The event also sparked broader conversations around social media security, the responsibility of platform providers, and the need for clearer regulations to address deceptive marketing in decentralized ecosystems.