Hackers took management of the Saudi Regulation Convention’s social-media account on X, utilizing it to impersonate Crown Prince Mohammed bin Salman and promote fraudulent cryptocurrencies.
In a sequence of now-deleted posts, the scammers used the title and picture of the crown prince, who serves as Saudi Arabia’s prime minister, to advertise an “Official Saudi Arabia Memecoin” in addition to a “FALCON Memecoin.” The posts have been accompanied by contract addresses to determine the tokens.
it must be apparent. however in case it isn’t: the SaudiLawConf twitter has been hacked and repurposed, as confirmed on their insta.
there isn’t any official saudi coin. pic.twitter.com/l8JdfIziuU
— barry (@badlydrawnbarry) February 17, 2025
The convention, a serious authorized occasion within the nation, confirmed on LinkedIn that the official X account was compromised and suggested customers 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 Regulation Convention wrote.
The incident comes amid controversy surrounding Argentine President Javier Milei over a submit selling a memecoin known as Libra and its subsequent removing.
Disclaimer: Statements from the Saudi Regulation Convention for this text have been translated with the usage of synthetic intelligence.
