Coinspeaker
NBA and Nascar Official X Accounts Hacked to Promote Faux Cryptocurrencies
Scammers hacked the official X accounts of the NBA and Nascar on March 4th, 2025, spreading false claims about cryptocurrency launches.
Malicious posts appeared on the NBA’s most important and country-specific channels, in addition to Nascar’s key competitors accounts, together with the Nascar Cup. The posts falsely introduced the launch of the non-existent $NBA and $Nascar cash on the Solana blockchain, accompanied by a faux press launch.
One submit claimed, “The NBA is taking the sport to the subsequent stage. Introducing $NBA Coin – our official digital asset on Solana to spice up fan engagement and the way forward for sports activities transactions,” together with a hyperlink to a contract deal with.
Regardless of the NBA’s efforts to delete the posts, scammers managed to repost the message a number of occasions earlier than it was absolutely resolved.
Official NBA accounts had been hacked, NBA PR confirms to @FOS. Sorry, no NBA Coin on Solana coming. pic.twitter.com/r45fSFkbV7
— Daniel Roberts (@readDanwrite) March 4, 2025
Rising Pattern of Scams Concentrating on Distinguished Figures
These hacks are half of a bigger pattern focusing on outstanding people and organizations, with scammers making an attempt to leverage their status to trick customers and traders into buying faux crypto property.
Just lately, a faux X account impersonating the Moroccan Head of Authorities was used to advertise a non-existent cryptocurrency, additional highlighting the rise in fraudulent schemes exploiting influential figures.
NBA’s Previous Involvement in Cryptocurrency
The NBA has explored the cryptocurrency area by initiatives just like the 2021 launch of NBA Prime Shot, a blockchain-based digital collectible. Some groups have additionally began accepting cryptocurrency for in-arena transactions.
Nonetheless, there isn’t a NBA Coin or any official plans for one, and the league will possible shift its focus from cryptocurrency to strengthening cybersecurity measures to forestall comparable hacks sooner or later.
NBA and Nascar Official X Accounts Hacked to Promote Faux Cryptocurrencies
