Summary: Scammers hacked an account pretending to be Saudi Arabia’s Crown Prince Mohammed bin Salman, using it to promote a fake memecoin, $KSA, and another token, $FLCN. The tweets vanished quickly, and officials confirmed the hack.
In another wild crypto scam, hackers took control of an account impersonating Saudi Crown Prince Mohammed bin Salman and used it to launch a fake Saudi Arabia Memecoin ($KSA). The tweet went out at 15:00 UTC, luring in unsuspecting investors.
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But that wasn’t enough for the scammers. Shortly after, they promoted another token, FALCON ($FLCN), directing users to a suspicious website, FLCN.meme. The posts stirred up some hype before vanishing into thin air.
Now, the hacked account has been drained, and police confirmed that it had indeed been hacked. It was the classic crypto scam playbook: impersonate a prominent person, generate buzz, present fake coins, and disappear before the victims can figure out what happened.
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These scams are becoming more common, preying on hype and FOMO. When you see an “official” memecoin announcement out of nowhere, pause—because more often than not, it’s another rug pull in the making.
