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Home BUSINESS

Activision Blizzard’s Twitter Hacked: Fake Solana Token Alert

Conie by Conie
March 15, 2024
in BUSINESS, CRYPTO, GAMING
Reading Time: 3 mins read
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  • The official Twitter account of Activision Blizzard was hacked to promote a fake Solana meme coin called ATVI. The tweets falsely claimed it was an official token launch.
  • The hackers linked to a decentralized exchange listing for the fake ATVI token, which saw only about $16,000 in trades before crashing over 99%.
  • Activision Blizzard regained control of the account and said they plan to investigate how the hack occurred to improve security going forward.

The official Twitter account for gaming company Activision Blizzard was hacked on Thursday night. The hackers used the account to promote a fake Solana meme coin called ATVI, falsely claiming it was an official token launch by Activision Blizzard.

Details of the Hack

The hacked tweets included images of the Crash Bandicoot character, which Activision owns. They claimed to offer an ATVI token created with Solana Labs, the developers behind Solana. The tweets linked to decentralized exchange listings for a meme coin unrelated to Activision or Solana Labs.

The ATVI token saw only about $16,000 in trades across fewer than 500 transactions. The price crashed over 99% after a brief pump Thursday night. The token currently trades at a fraction of a penny.

Aftermath

Activision Blizzard regained control of the account and tweeted that they “plan to investigate what occurred to avoid situations such as these in the future.” Activision declined further comment.

The company was acquired by Microsoft last year for nearly $69 billion after over a year of regulatory challenges.

ICYMI: $74 billion Activision Blizzard's X was hacked last night promoting a Solana memecoin pic.twitter.com/Njqnb10aYR

— BlockNews.com (@blocknewsdotcom) March 15, 2024

Popularity of Solana Meme Coins

Meme coins have flourished on Solana due to the network’s low fees. Coins like Dogwifhat and Bonk are among the most valuable cryptos by market cap. Recent trends have included meme coins with misspelled names of politicians.

Conclusion

While the hack appears unsuccessful in duping many victims, it represents the ongoing risks of account compromises in the social media age. Activision Blizzard now faces the task of determining how its account was accessed and working to improve security.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Activation BlizzardcryptoSoalanaWeb3
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Conie

Conie

Conie is a Web3 enthusiast, an experienced creative writer, and a passionate gamer. With her ability to fuse innovation with imagination, she brings a distinctive perspective to each piece she writes, delving into the ever-changing territories of the digital world, storytelling, and virtual adventures.

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