Hackers recently compromised the high-profile Twitter account @TrumpDailyPosts, using its credibility to promote fraudulent cryptocurrency schemes, including the fake $POWER token. The incident underscores a growing trend of scammers exploiting well-known accounts to deceive unsuspecting investors in the crypto space. The $POWER Token Trap: Massive Investor Losses One victim, with the wallet address 3pFW9…C7ZPQ, suffered devastating losses within just one hour. Initially investing $237,000 at an average entry price of $0.006132, the investor faced an unrelenting crash in $POWER’s value. By the time the hack was confirmed, the investor attempted to cut losses by urgently selling the tokens at $0.0004212.
The post Hackers Exploit High-Profile Account to Promote Fake Memecoins: Investors Lose Big On Fake $POWER Token appeared first on The Merkle News.