Solana’s Jupiter DEX Hacked! Traders Lose Millions in Scam

The post Solana’s Jupiter DEX Hacked! Traders Lose Millions in Scam appeared first on Coinpedia Fintech News

Solana-based DEX aggregator Jupiter faced a major security breach as its X account was hacked, promoting a fake memecoin called $MEOW. The scam, which used the name of Jupiter’s co-founder, tricked traders into losing millions within minutes. Jupiter Mobile quickly alerted users, warning them not to click any links. However, the hacker continued posting about another suspicious token, $DCOIN. Many users reported losing their Solana tokens due to the breach. Criticism followed, with crypto investor Beanie questioning how a platform handling billions in liquidity failed to secure its social media. Currently, Jupiter’s X account remains compromised, raising concerns over security in the crypto space.