Hackers hacked the account of famous American singer Doja Cat on the social network X, publishing several tweets to promote the fraudulent token DOJA based on Solana. Users lost $1.65 million.

To attract the attention of subscribers, the attackers published a photo of the rapper, indicating a cryptocurrency address associated with the $DOJA token. Users began to buy it en masse, and the token’s market capitalization quickly reached an incredible $1.65 million. However, investors’ joy was short-lived. As soon as it became known that the tokens were fraudulent, their capitalization plummeted to $16,820, and investors suffered huge losses.

Doja Cat later took to social media to clarify the situation, saying she had not tweeted about the tokens, but that they were the work of impostors.

Cybercriminals are increasingly hacking celebrities’ social media accounts to use their influence to manipulate markets and defraud investors. A similar incident recently happened with the heavy metal band Metallica. Fraudsters hacked their account and advertised the METAL token, which was also created on the Solana blockchain. That time, the scammers managed to make more money — about $3 million.

Ethereum co-founder Vitalik Buterin has a history of criticizing celebrities who launch memecoins. Buterin believes that launching them makes sense if the tokens serve worthy, rather than superficial, purposes: improving healthcare, creating open-source software, or advancing the arts.