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.”

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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.

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Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.