On January 27, hackers successfully compromised Visa’s official Facebook page, using it to promote a fraudulent Solana-based token trading under the ticker $VISA.
The token experienced a rapid price surge before collapsing entirely, a hallmark of a rug-pull scam.
A rug-pull occurs when the developers of a cryptocurrency abruptly sell off their holdings, causing the token’s value to plummet and leaving investors with significant losses. This incident highlights a growing trend of corporate social media accounts being targeted to propagate crypto scams, raising concerns about security vulnerabilities in the digital space.
Stay vigilant and verify information before engaging with any crypto-related offerings.
