A hacker rug pulled a token known as SCATMAN after reportedly seizing management of the SpaceXAI and Starlink accounts on X, strolling away with roughly $125,000 in Ethereum (ETH).
On-chain tracker Lookonchain traced the stolen funds throughout two wallets. The scheme mirrors a run of high-profile account takeovers aimed toward selling fraudulent tokens.
Contained in the SCATMAN Rug Pull
In line with Lookonchain, the attacker promoted the SCATMAN meme coin after allegedly compromising the SpaceXAI and Starlink X accounts. Screenshots extensively shared on social media appeared to indicate each accounts reposting content material from the SCATMAN account.
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Lookonchain mentioned the attacker minted 10 trillion SCATMAN. They then offered all the provide for 59 ETH, price about $108,000.
The analytics platform additionally recognized a second pockets linked to the identical attacker that offered a further 59.28 million SCATMAN tokens for 14.7 ETH, price roughly $27,000.
In whole, the 2 wallets generated practically $125,000 in ETH. Lookonchain recognized the next addresses as belonging to the attacker:
- 0xfee50d4ce48f2d05f520ce04c875647e4870a8ba
- 0xdd9f6d3e16ebda7f35cb694ceadb50af3eebba89
As of press time, the reposts have been now not seen on the SpaceXAI and Starlink accounts, and BeInCrypto couldn’t independently confirm the claims. BeInCrypto has reached out to SpaceX for remark and can replace this story if it receives a response.
Account Hacks Gas a String of Rug Pulls
Hijacked social media accounts have grow to be a standard automobile for rug pulls. Scammers borrow the credibility of trusted manufacturers to lure consumers.
In February 2025, hackers seized Pump.enjoyable’s X account to push a pretend PUMP token. One pockets earned over $135,000 inside a minute.
Political figures have confronted the identical tactic. Attackers hijacked former Malaysian Prime Minister Mahathir Mohamad’s account to advertise a token, stealing $1.7 million.
Myanmar’s junta chief and World Liberty Monetary co-founder Zach Witkoff confronted comparable breaches earlier that 12 months.
Victims vary from crypto platforms to heads of state. The frequent thread is a trusted account weaponized for a single, quick payout.
Every case follows the identical sample. A breach, a quick token launch, and a fast sell-off earlier than the platform regains management.
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