CAT - Solana-based CAT Memecoin Crashes After Team Accused Of Hacking And Price Manipulation | Benzinga
In a recent development, the creators of Solana-based (CRYPTO: SOL) CAT memecoin have been implicated in a hack of a crypto influencer’s account. The coin tumbled sharply in response to the controversy.
What Happened: In a long thread, prominent on-chain sleuth, ZachXBT, accused the team behind the newly-launched memecoin of hacking the X account of Gigantic-Cassocked-Rebirth, popularly known as GCR, on May 26.
1/ An investigation into how the @sol () meme coin team is connected to the @GCRClassic hack from last night. — ZachXBT (@zachxbt) May 27, 2024
Minutes before the hack an address tied to them opened $2.3M ORDI & $1M ETHFI longs on Hyperliquid.
Let's dive in. pic.twitter.com/009BdPBfM1