Drake is the latest to fall victim to a social media hack promoting fake meme coins. Drake had his X account compromised on Dec. 15, with malicious actors using it to promote a meme coin dubbed Anita.

The hack resulted in ANITA coin surging to $4.9 million in trading volume, largely on account of the rapper’s 39 million followers, who believed it to be connected to his upcoming tour, called the Anita Max Wynn tour.

The advertisement claimed that the token was created in conjunction with betting platform Stake, a brand that Drake has long been associated with.

Soon after launch, the meme coin surged in trading volume with over 7,000 buy orders. However, analysis by the likes of crypto sleuth Zachxbt and numerous others quickly surmised the meme coin to be a scam.

The situation involving Drake is not unique, with numerous other celebrities also falling victim to similar hacks. In December 2024, Cardi B and Doja Cat suffered similar compromises. S: Crypto News