Mar 14 • 23:28 UTC 🇦🇷 Argentina La Nacion (ES)

They hacked the Estudiantes account to promote a cryptocurrency

The Estudiantes de La Plata football club's social media account was hacked to promote a cryptocurrency, prompting warnings to fans about the security breach.

This past Saturday, the official X account of Estudiantes de La Plata was compromised by hackers who used it to promote a cryptocurrency. The hackers posted an announcement claiming the launch of the club's cryptocurrency on a platform called PumpFun, which specializes in creating and trading 'memecoins' inspired by internet memes. The announcement included a link to PumpFun, raising concerns about the authenticity of the message and the security risks for the club's followers.

In response to the incident, Estudiantes de La Plata took to other social media channels to alert their supporters about the hack and urged them not to engage with the compromised post. This highlights the growing threat of cybersecurity issues, particularly within the realm of professional sports organizations, who must now safeguard their digital platforms against potential exploitation by malicious actors.

The volatile nature of memecoins, which can fluctuate wildly in value due to social media hype, adds another layer of complexity to the situation. By promoting these cryptocurrencies without proper authorization, the hackers not only jeopardize the club's reputation but also put fans at risk of financial scams in the rapidly evolving world of cryptocurrency trading.

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