Government X Account Hacked in Suspected Memecoin Rug-Pull Scheme

The official X account of the Cuban government was reportedly involved in an apparent rug-pull scheme linked to a Cuba-themed memecoin, sparking speculation that the country was trying to capitalize on the growing memecoin craze following Donald Trump’s recent launch.

However, evidence suggests the incident was a result of hacking, as both the token’s price soared and then crashed, and the Cuban Ministry of Foreign Affairs’ social media posts seemed out of character.

Initially, the government account promoted the “Official Cuba Coin,” but after the coin’s rapid price increase, the account issued a message claiming, “We are experiencing some difficulties with our X page and are investigating the issue.” The post was swiftly deleted, followed by an eight-minute live audio stream titled “Sorry from $CUBA.”

During the broadcast, the host apologized for the incident, claiming the account had been compromised. “Someone had gotten into our account,” the host stated, insisting, “This is not a rug pull.”

Read More:

However, the space took an unexpected turn when the host excitedly shouted, “Here we gooo, come on let’s go, a million MC,” before abruptly ending the session. Soon after, another link to a Solana-based Cuba-related crypto coin was posted, further raising suspicions about another scam attempt. The account was eventually locked to prevent further activity, leaving many to question the authenticity of the original promotion.

Source