In a rather shocking development, hackers took over the Instagram accounts of some music celebrities to promote a fraudulent Solana-based memecoin. This incident comes after another high-profile market controversy involving Kanye West’s YZY token.

Celebrity Profiles Hacked, Memecoin Crashes After $900,000 Pump

In an X post on Friday, popular media outlet NFR Podcasts reported that Instagram accounts belonging to the late Michael Jackson, as well as artists Adele, Tyla, and Future, had been simultaneously compromised to promote a scam memecoin. The fraudulent posts shared across the accounts featured an image of Future holding an oversized coin branded FREEBANDZ — the same name as the rapper’s music label and clothing brand. The imagery appeared designed to create a false sense of end

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