Hackers hijack SpaceXAI and Starlink X for $125K crypto scam

Hackers compromised the official X accounts of SpaceXAI and Starlink on July 13, 2026, using them to promote a fraudulent cryptocurrency and netting over $125,000 before the scam was discovered and the posts were removed. The incident highlights the persistent vulnerability of high-profile social media accounts to financial fraud.

According to blockchain analytics firm Lookonchain, which identified and tracked the activity, the attacker minted 10 trillion tokens of a new memecoin called SCATMAN. After using the compromised accounts to promote the token and generate buying interest, the hacker sold the entire supply through two linked digital wallets. One wallet exchanged tokens for 59 Ethereum, worth approximately $108,000, while a second wallet sold an additional batch for 14.7 Ethereum, valued at around $27,000. The total proceeds were just under $135,000, with most sources reporting a figure around $125,000.

The promotional posts, which appeared as reposts from a SCATMAN account, were viewed tens of thousands of times before being deleted. The borrowed credibility from the SpaceX and Starlink brands fueled a rapid but short-lived surge in the token's perceived value. One...