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BlockNews
Home CRYPTO

Cuba Launched a Solana Meme coin? No, and Here is the Truth

Michael Juanico by Michael Juanico
January 20, 2025
in CRYPTO, POLITICS
Reading Time: 2 mins read
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  • Cuba’s official X account appeared to promote a memecoin but was likely hacked, causing confusion and a token price dump.
  • The account hosted a bizarre X space, with apologies and suspicious shouts about a “million MC,” before deleting posts.
  • Repeated scam attempts led to the account being locked, raising questions about its security.

Cuba’s official government X account briefly appeared to join the memecoin craze with a promotion of the “Official Cuba Coin,” leading many to speculate the country was embracing the trend sparked by Donald Trump’s weekend launch. However, the situation quickly unraveled, revealing a likely hack.

ICYMI: 🇨🇺 The country of Cuba X account was hacked and launched a scam Solana meme coin $CUBA

The account has since gone private and has rugged multiple coins

Degens are now attempting to CTO the token 🤣 pic.twitter.com/bjDYkBmOMQ

— BlockNews (@blocknewsdotcom) January 20, 2025

A Scam Unveiled

After the Cuban Ministry of Foreign Affairs posted about the “Official Cuba Coin,” the account announced technical difficulties and began sharing erratic content, including links to scam tokens. The initial promotion caused confusion, but the token’s rapid price dump and out-of-character posts raised red flags.

Suspicious Apologies and Deleted Spaces

The hacked account hosted an eight-minute X space titled “Sorry from $CUBA,” where an unidentified host apologized and denied a rug pull before abruptly shouting, “Here we gooo, come on let’s go, a million MC!” The space, along with other posts, was deleted shortly after.

Account Locked Amid Chaos

The account was eventually locked after repeated scam attempts, including another link to a Solana-based crypto coin. The incident left many questioning how a government account became entangled in such a chaotic memecoin scam.

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: cryptoCubaMeme CoinOfficial Cuba CoinSolana
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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