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Hackers Impersonate Saudi Crown Prince to Promote Fake ‘Official’ Memecoins

Hackers Impersonate Saudi Crown Prince to Promote Fake ‘Official’ Memecoins
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Saudi Law Conference’s Social-Media Account Hacked

Hackers took control of the Saudi Law Conference’s social-media account on X, using it to impersonate Crown Prince Mohammed bin Salman and promote fraudulent cryptocurrencies.

In a series of now-deleted posts, the scammers used the name and image of the crown prince, who serves as Saudi Arabia’s prime minister, to promote an “Official Saudi Arabia Memecoin” as well as a “FALCON Memecoin.” The posts were accompanied by contract addresses to identify the tokens.

it should be obvious. but in case it’s not: the SaudiLawConf twitter has been hacked and repurposed, as confirmed on their insta. there is no official saudi coin. pic.twitter.com/l8JdfIziuU

— barry (@badlydrawnbarry)
February 17, 2025

The conference, a major legal event in the country, confirmed on LinkedIn that the official X account was compromised and advised users that any “content published through the account does not represent our views or official positions in any way.”

“We confirm that we are urgently working to regain control of the account and disclaim all responsibility for any unauthorized posts made during this period. We also apologize to our followers for any inconvenience this may cause and urge everyone to exercise caution and refrain from engaging with any suspicious content posted through the account until further notice,” the Saudi Law Conference wrote.

The incident comes amid controversy surrounding Argentine President Javier Milei over a post promoting a memecoin called Libra and its subsequent removal.

Conclusion

The hacking of the Saudi Law Conference’s social media account is a concerning incident that highlights the importance of cybersecurity and the need for organizations to take swift action to protect their online presence. The use of the crown prince’s image and name to promote fraudulent cryptocurrencies is a serious issue that requires immediate attention.

FAQs

Q: What happened to the Saudi Law Conference’s social media account?

A: The account was compromised by hackers who used it to impersonate Crown Prince Mohammed bin Salman and promote fraudulent cryptocurrencies.

Q: What measures is the Saudi Law Conference taking to regain control of its account?

A: The conference is working to regain control of its account and disclaim all responsibility for any unauthorized posts made during this period.

Q: What is the current status of the Saudi Law Conference’s account?

A: The account is currently compromised, and users are advised to exercise caution and refrain from engaging with any suspicious content posted through the account until further notice.

Q: Is this the first time the Saudi Law Conference has been affected by hacking?

A: No, this is not the first time the conference has been affected by hacking. In the past, the conference has also been targeted by hackers who used its social media accounts to spread disinformation and propaganda.

Q: What is being done to prevent similar incidents in the future?

A: The Saudi Law Conference is taking steps to improve its cybersecurity measures and protect its online presence from future attacks. The conference is also working with law enforcement agencies to investigate the hacking incident and bring those responsible to justice.

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