On February 27, 2025, the crypto world woke up to yet another twist in its never-ending saga of hacks, scams, and high-stakes drama. This time, Pump.fun hacked, the Solana-based memecoin launchpad that’s become a playground for degens and dreamers alike. Late last night, around 10:44 PM +07 on February 26, the official Pump.fun X account (@pumpdotfun) was hacked, turning a platform known for churning out viral tokens into a hacker’s personal ATM. The fallout? Over $700,000 in profits for the culprits, a rattled community, and a stark reminder that in memecoin land, chaos is never far off.
Here’s what went down: the hackers took control of the Pump.fun X account and wasted no time pumping a fake token called “PUMP” (contract address: 3pCZ4Fz4SqTjewroKE8Ho4F7atAZfE7SR1DLnWzzLVN4). Unsuspecting users, lured by the hype from what they thought was a legit source, piled in. The scammers then dumped their bags, reportedly pocketing $700,000, before yanking another $250,000 by draining liquidity. These numbers are still unconfirmed whispers from X posts, but the damage is real. The Pump.fun team jumped on Telegram to confirm the breach, assuring users they’re fighting to reclaim the account. Thankfully, the platform’s core infrastructure, its smart contracts and user funds, seems untouched. This was a social media heist, not a full-on protocol exploit.
Crypto sleuth ZackXBT, ever the on-chain bloodhound, has already drawn lines to similar attacks. He’s pointing fingers at a crew that hit Jupiter DAO earlier this month and compromised the DogWifCoin X account back in November 2024. If he’s right, this isn’t a one-off, it’s a calculated spree targeting high-profile crypto accounts. For Pump.fun, it’s a bitter déjà vu. Last May, the platform got stung for $2 million when ex-employee Jarett Dunn pulled off an inside job using flash loans. That was a different beast, but it underscores a truth: where there’s hype, there’s vulnerability.
Pump.fun Hacked: The Big Story of Current Hacks
This hack lands amid a stormy February for crypto. Just weeks ago, the Bybit exchange lost $1.4 billion to a North Korean-linked hack, shaking markets already jittery from Bitcoin’s dip below $90,000. Pump.fun’s misadventure feels like a microcosm of the broader scene, volatility spiked with opportunity and risk dancing in lockstep. The platform’s bread and butter is memecoins, after all, a space where 99% of projects are scams or pumps-and-dumps, as X users love to remind us. It’s built a reputation for letting anyone launch a token for peanuts, fueling both innovation and insanity. But when the official voice gets hijacked, that fine line between chaos and creativity blurs fast.
For now, the advice is simple: don’t touch anything Pump.fun-related floating around X until the team waves the all-clear. The fake “PUMP” token’s a dud, and the hackers are long gone, laughing at the bank. Broader ripples? This could dent trust in Pump.fun’s brand, though its diehard fans those who’ve minted hits like “MOG” or “WIF” might shrug it off as par for the course, memecoin culture thrives on absurdity, and a hack might just be another badge of honor.
Zoom out, and the crypto narrative holds steady. Bitcoin’s at $84,000, Strategy’s hoarding $2 billion, and Avalanche is rolling out Visa cards, all signs of a maturing ecosystem. Yet incidents like this remind us the fringes are still a Wild West. Pump.fun will likely bounce back; it’s got the chops. But for the average trader, the lesson’s clear: verify before you buy, and in memecoin season, keep your skepticism dialed to eleven. The hackers may have won this round, but the next twist in crypto’s Game of Thrones is always around the corner.
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