Close Menu
Cryprovideos
    What's Hot

    Trump to Challenge Government Order Shielding Crypto Companies From Debanking: WSJ – Decrypt

    August 5, 2025

    Trump to order probe of crypto and political debanking claims: WSJ

    August 5, 2025

    August Will Be Bullish. September May Get Ugly. Right here’s the Recreation Plan.

    August 5, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Myanmar Chief’s X Account Probably Hacked to Promote Pretend Crypto
    Myanmar Chief’s X Account Probably Hacked to Promote Pretend Crypto
    Crypto News

    Myanmar Chief’s X Account Probably Hacked to Promote Pretend Crypto

    By Crypto EditorFebruary 22, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Hackers doubtlessly took management of the official X account of Myanmar’s army junta chief on Saturday, utilizing it to advertise a fraudulent cryptocurrency.

    This incident might be the a part of a rising development the place scammers exploit high-profile political figures so as to add credibility to rip-off tokens, deceiving unsuspecting traders.

    One other Political Crypto Rip-off Now Focusing on the Myanmar Authorities

    On February 22, the X (previously Twitter) account belonging to Myanmar’s junta chief, Min Aung Hlaing, started posting a few so-called nationwide cryptocurrency launch.

    The posts described it as “Myanmar first nationwide crypto,” trying to current it as an official digital asset.

    Myanmar Chief’s X Account Probably Hacked to Promote Pretend Crypto
    Myanmar’s Junta Chief Promotion of Meme Coin. Supply: X/Min Aung Hlaing

    Crypto customers on X rapidly observed irregularities. The hackers initially shared a number of cryptocurrency pockets addresses earlier than deleting them.

    Quickly after, they claimed the launch was postponed and offered a brand new pockets handle, elevating additional suspicion.

    “This account from the federal government of Myanmar has been hacked . Dropped a number of CAs and deleted, in addition to saying an area then deleted 3 minutes later,” one person wrote on X.

    In the meantime, market observers questioned whether or not a military-led authorities may efficiently launch a cryptocurrency. They famous that such an initiative contradicts the rules of decentralization.

    One person identified that state-backed digital property usually function a instrument for monetary management somewhat than innovation. The analyst additionally speculated that international locations below financial sanctions may discover cryptocurrency as a method to bypass conventional monetary methods.

    “Indicators a shift: extra nations exploring state-backed crypto to sidestep sanctions & SWIFT dependence Geopolitically, it’s a check case If it really works, count on extra remoted regimes to observe This isn’t about innovation but it surely’s about sovereignty vs monetary gatekeeping,” Cedric Beau said.

    In the meantime, this assault on Myanmar’s junta chief follows a broader sample of cyber threats concentrating on political figures.

    Earlier this month, the Central African Republic’s President, Faustin-Archange Touadéra, launched an official meme coin referred to as CAR. The token was meant to spotlight the nation’s confidence in blockchain know-how.

    Whereas that initiative was professional, hackers have used related ways to deceive customers by falsely linking authorities officers to faux token launches.

    Simply days in the past, scammers impersonated Saudi Arabia’s Crown Prince Mohammed bin Salman to advertise a fraudulent cryptocurrency.

    In one other case, nameless hackers took over the X account of former Malaysian Prime Minister Mahathir Mohamad to push a faux meme coin.

    These incidents reveal a troubling sample of hackers hijacking political figures’ social media accounts to advertise fraudulent cryptocurrency schemes. By exploiting their identities, scammers create a false sense of legitimacy for faux tokens.

    As these scams grow to be extra widespread, customers should keep vigilant and confirm sources earlier than partaking with any token promotions linked to public figures.

    Disclaimer

    In adherence to the Belief Challenge tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to offer correct, well timed info. Nonetheless, readers are suggested to confirm information independently and seek the advice of with an expert earlier than making any choices based mostly on this content material. Please be aware that our Phrases and Situations, Privateness Coverage, and Disclaimers have been up to date.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Trump to Challenge Government Order Shielding Crypto Companies From Debanking: WSJ – Decrypt

    August 5, 2025

    Trump to order probe of crypto and political debanking claims: WSJ

    August 5, 2025

    Crypto-market on alert: all the important thing elements of the week

    August 5, 2025

    Coinbase urges US to modernize monetary compliance with zero-knowledge proofs

    August 5, 2025
    Latest Posts

    Is Bitcoin’s Value Discovery Rally Over? This Week’s Efficiency Might Maintain The Reply

    August 5, 2025

    Bitcoin Mining: MARA Revises its Methods

    August 5, 2025

    Is Bitcoin Dropping Steam? Analysts Warn of Fragile Market Assist

    August 5, 2025

    Crypto Analyst Who Known as 2025 Bitcoin Pullback Sees PENGU Set for Subsequent Leg Greater, Updates Forecast for BONK and Prime Memecoin – The Each day Hodl

    August 5, 2025

    Trump Bitcoin adviser David Bailey needs to create a $200M PAC

    August 5, 2025

    What Most Buyers Get Mistaken About Bitcoin, Altcoins, and What’s Coming Subsequent

    August 5, 2025

    Binance Emerges as The High Vacation spot for Bitcoin Whales, Says CryptoQuant

    August 5, 2025

    Over 56 Million Whale Trades on Binance, Is Bitcoin Headed for One other Correction?

    August 5, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Finest Crypto Presale to Purchase Now: Is Meme Index the Subsequent 50x Meme Coin?

    March 13, 2025

    Ripple,‬‭ Coinbase,‬‭ Kraken‬‭ —‬‭ Is‬‭ the‬‭ SEC’s‬‭ Struggle‬‭ on‬‭ Crypto‬‭ Ending‬‭ as‬‭ Lawsuits‬‭ Fall?‬

    April 5, 2025

    TAC Reveals Main Funding to Carry DeFi Purposes into Telegram

    June 18, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.