UFC Instagram Hacked to Promote Fraudulent Solana Meme Coin

Hackers exploited UFC's Instagram account to advertise a fake cryptocurrency, causing significant financial losses for fans who invested.

Hackers took control of UFC's Instagram account on Wednesday, posting a fraudulent promotion for a Solana-based meme coin called 'UFC Coin.'
The fake cryptocurrency's value skyrocketed by over 44,000% within 41 minutes, reaching an $11 million market cap before crashing by 97%.
Attackers reportedly controlled 40% of the token supply via 19 linked wallets, profiting $1.4 million from the scheme.
Many fans, misled by the post's apparent legitimacy, lost significant amounts of money, with some investments dropping in value by over 90%.
UFC officials confirmed the hack and denied any involvement with the cryptocurrency, which follows a trend of similar scams targeting major brands.