The attacker used the compromised corporate accounts to create an aura of credibility and trust before quickly selling their token holdings. This tactic allowed them to capitalize on unsuspecting investors' faith in the legitimate companies. The scammer's success highlights the potential risks associated with social engineering attacks targeting high-profile organizations.
Source
"Scammer Uses Hacked Corporate Accounts to Promote Meme Coin" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
