Odaily Planet Daily reports, according to Lookonchain monitoring, after hacking the SpaceXAI and Starlink accounts, the attacker issued and promoted SCATMAN. The hacker’s wallets (0xfee...a8ba, 0xdd...ba89) minted 10 trillion SCATMAN tokens and exchanged them all for 59 ETH, worth $108,000; another wallet under the attacker’s control exchanged 59.28 million SCATMAN for 14.7 ETH, worth $27,000. The attacker’s total profit amounts to approximately $125,000.
Hackers exploit SpaceXAI and Starlink accounts to promote SCATMAN, earning $125,000
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Summary
Hackers exploited a DeFi vulnerability to compromise SpaceXAI and Starlink accounts, promoting the SCATMAN token. The hacker wallets (0xfee...a8ba, 0xdd...ba89) minted 100 billion SCATMAN tokens and converted them into 59 ETH, worth $108,000. Another wallet exchanged 59.28 million SCATMAN for 14.7 ETH, valued at $27,000. The attackers reportedly earned $125,000. ETH news underscores the increasing risks associated with token projects.
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