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Home BUSINESS

Everything You Need to Know About the PumpDotFun Hack and How it Happened

Michael Juanico by Michael Juanico
February 26, 2025
in BUSINESS, CRYPTO, MEMECOINS
Reading Time: 3 mins read
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  • Hackers took over Pump.fun’s X account, promoting a fake “official” PUMP token that briefly hit a $5M market cap.
  • Co-founder Alon Cohen confirmed the breach, warning users not to interact while the team works to regain access.
  • ZachXBT linked the hack to similar attacks on Jupiter DAO and Dogwifhat, suggesting a possible exploit within X.

Pump.fun’s official X (formerly Twitter) account was hijacked early Wednesday, with hackers using it to promote fake tokens—including a fraudulent “official” PUMP governance token.

JUST IN: PumpDotFun has regained access to its X account

ZachXBT believes the cause of the hack was either:

– The social engineering of X employees

– Exploit of a panel on the backend

Similar to the $JUP and $WIF hack 👀 pic.twitter.com/7ryRjQFxBP

— BlockNews (@blocknewsdotcom) February 26, 2025

The post, which included an image from Pump.fun’s recent mobile app launch video, listed a Solana contract address for the scam token. Despite early warnings, the token soared past a $5M market cap before crashing.

Hackers Still in Control—Pump.fun Fighting to Regain Access

Pump.fun’s co-founder Alon Cohen quickly confirmed the hack, warning users:

“Pump.fun account has been compromised, please don’t interact.”

  • As of now, the Pump.fun team has NOT regained access to the account.
  • Hackers are still using the platform to promote scam tokens.
  • Cohen suspects the issue came from “within X,” despite following all security best practices.

Meanwhile, pseudonymous blockchain investigator ZachXBT backed this theory, linking the Pump.fun attack to recent hacks on Jupiter DAO and Dogwifhat (WIF).

we've regained access to this account. Based on current information, the extent of the compromise was limited to this X account.

TL:DR: the security protocols taken by the team to secure the X account were thorough, relied on industry best-practices, and focused on minimizing…

— pump.fun (@pumpdotfun) February 26, 2025

Wider Market Impact—Raydium (RAY) Takes a Hit

The hacks come at a turbulent time for the meme coin sector, with trading demand cooling off after the LIBRA scandal.

  • Raydium’s RAY token plummeted 22% amid speculation that Pump.fun is launching its own automated market-making system.
  • Over 8 million tokens have been launched on Pump.fun since its debut last year, but new meme coin launches have slowed.
  • Cohen previously denied rumors of an official Pump.fun token, but speculation continues.

For now, Pump.fun is working to regain control of its account, but this latest breach raises serious concerns about security vulnerabilities on X—especially for major crypto projects.

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: DogwifhatJupiter DAOPump.FunSolanaZachXBT
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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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