Overview

• Mbappé's X account was hacked to promote the $MBAPPE memecoin, which briefly hit a $460 million market cap.
• The token's value plummeted within minutes, leaving some investors with substantial losses.
• One trader lost over $1 million in an hour, while another made a $125,000 profit by selling at the peak.
• The scam included offensive posts and political statements, further complicating the situation.
• This incident is part of a wider trend of hacked celebrity accounts being used for crypto scams.