- Mbappe’s Twitter was hacked to promote the fake MBAPPE token.
- MBAPPE token’s value skyrocketed to tens of millions, then crashed.
- A user made $200,000 profit by buying early and selling at the peak.
- The MBAPPE token has since been deleted from the market.
MBAPPE Token Frenzy Ends in Market Collapse
In a shocking turn of events, the Twitter account of French football superstar Kylian Mbappe was hacked, leading to the release of a fraudulent cryptocurrency token dubbed “MBAPPE.” The token’s market value soared to tens of millions of dollars within minutes before plummeting back to zero, leaving many investors in the lurch.
The attack unfolded rapidly, with the hacked account promoting the MBAPPE token to Mbappe’s massive following. The token’s value skyrocketed as thousands of unsuspecting fans and investors rushed to buy in, driven by the false endorsement of one of the world’s most famous athletes. However, the surge was short-lived as the scam was quickly exposed, causing the token’s value to collapse just as fast as it had risen.
A Cautionary Tale for Crypto Investors
This episode serves as a stark reminder of the risks inherent in the rapidly evolving world of cryptocurrency. Even seasoned investors can fall victim to scams, especially when they are linked to high-profile individuals like Kylian Mbappe. It also underscores the importance of vigilance and skepticism when dealing with newly launched tokens, particularly those that seem to appear out of nowhere.
The hacking of Mbappe’s Twitter account and the subsequent MBAPPE token debacle is a clear example of how quickly things can go wrong in the crypto space. Investors must stay alert and conduct thorough due diligence before jumping into any investment, no matter how promising it may seem on the surface.
