An attempt has been made to promote a fake crypto token space of Commons Coin (HOOC) by hacking the X account of Lucy Powell, the leader of the UK’s House of Commons. In the post, it was described as a “community based digital currency”. However, all these posts have now been deleted. In a conversation with BBC, Powell’s team said that “We took action fast and all fake posts have been removed.”
The token caught the attention of investors for a short time, then failed
According to Crypto data tracker Dex Screner, investors showed interest in the Hoc tokens for some time. After the post on X, its market cap reached slightly more than $ 24,000 and a total of 736 transactions took place. The total trading volume was around $ 71,000. That is, even after so much effort of scammers, a large number of people did not trap it.
Social media account of political figures became a new target of scammers
The name of Lucy Powell was never associated with any crypto currency before. But it is clear from this incident that scammers are promoting fake crypto tokens by targeting the social media accounts of politicians.
A similar case came to light in February also when ARGENTINA President Javier Melei promoted a Memetocen Libra, whose value fell very quickly. After this, there was a lot of uproar in the country and the role of Melei was being questioned. After which recently, Libra Meme Coin RIP-off high-level investigation begins in Argentina Has been done
The President of GHANA also had an account
In March, GHANA President John Mahama’s X account remained under the control of scammers for 48 hours. During this time, a fake token solanafrica was promoted from his account and it was said that it is associated with “Solana” and “Bank of Ghana”. Mahama’s team recovered the account after two days and requested people not to trust any such posts.
In view of such constantly increasing events With the help of Google and FB, India also fought against Crypto Scams Has started
Conclusion
Now it has become clear that scammers are trying to win and scam the trust of the people by using the accounts of politicians. Therefore, before taking action on any crypto token or scheme information, you must check whether the source of information is correct. Just seeing just blue tick can be risky to trust any account.
