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Metallica are victims of cryptocurrency scam
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American heavy metal band Metallica, which boasts 121 million albums sold across 11 records, did just that fallen victim to cryptocurrency scammers.
The legendary band’s official X account was recently compromised by bad actors in order to promote a fake Solana-based meme coin with the ticker METAL.
The fraudulent cryptocurrency was advertised as a “new dynamic token”, allegedly launched in collaboration with the American ticket sales and distribution company Ticketmaster.
The compromised account announced that the token would be used to purchase merchandise and gifts at Metallica events and online.
Furthermore, it also introduced a staking feature for the token that was supposed to allow Metallica fans to earn rewards.
This isn’t the first time the legendary band has fallen victim to cryptocurrency scammers. AS reported by U.Today, Metallica were forced to release a statement denying they were involved in fraudulent Bitcoin and Ethereum giveaways. The band became the target of cryptocurrency scammers following the release of their long-awaited album called “72 Seasons,” which was the band’s first full-length release in six years. At the time, a fake live stream promoting the fake giveaway appeared on YouTube.
After the launch of several celebrity meme coinsscammers are now trying to profit from the latest cryptocurrency trend. American rapper 50 Cent’s social media account was also recently hacked to promote a fake Solana token.
About the author
Alex Dovbnja
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the burgeoning industry, from price analysis to Blockchain disruption. Alex has authored more than 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets; he can be contacted at alex.dovbnya@u.today.