Shivon Zilis' X account hacked to shill meme coin, value drops 97% after $80mn peak
The X account of Shivon Zilis, a long-term partner of Elon Musk, was recently hacked to advertise the SLINK meme coin. This led to a rapid spike in the token's market cap, reaching $80 million. Elon Musk also unintentionally boosted the scam by replying to a post with a '100-point' emoji, which made the promotion appear legitimate. Once the fake posts were taken down, the value of the token plummeted by over 97%, nearly hitting zero in just two hours.
by shortkt.com✓