Hackers hijack SpaceX and Starlink X accounts to tout SCATMAN memecoin, which briefly reached a $32M market cap on Robinhood Chain
AI Market Summary
Hijacked SpaceX and Starlink X accounts were used to promote the SCATMAN memecoin, briefly lifting its Robinhood Chain market cap to ~$32M before the attacker exited into ETH (~$135K), per Lookonchain. The incident highlights how social-account compromise can rapidly translate into on-chain fraud, increasing perceived operational and reputational risk across memecoin trading venues and creating short-term confidence headwinds for ETH-denominated settlement flows.
Impact level
● Medium
Affected assets
ETH/USDT-2.26%
AI Insight · ETH/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
SpaceX and Starlink’s official X accounts were hijacked and used to promote a memecoin called SCATMAN. The token briefly reached a $32 million market cap on Robinhood Chain. The attacker then cashed out roughly $135,000 worth of ETH, according to on-chain analytics platform Lookonchain.
