Canadian rapper Drake’s X account hacked to promote fake meme coin

The hack allowed ANITA to reach a trading volume of $4.9 million, which was increased because it was tied to Drake’s upcoming tour.

Canadian hip-hop mogul Drake had his X account compromised on December 15, by malicious actors using it to promote a coin called Anita.

Within hours, the amount of the newly minted token reached $4.9 million, largely thanks to the rapper’s 39 million followers, who thought it was related to his upcoming tour, called the Anita Max Wynn Tour.

The ad claimed that the token was created in collaboration with betting platform Stake, a brand that Duck has long been associated with.

Shortly after its launch, the trading volume of the meme coin increased with over 7,000 buy orders. However, analysis by crypto detective Zachxbt and many others were quick to assume the meme coin was a scam.

The situation involving Drake is not uniqueand many other celebrities are also victims of similar hacks. In December 2024, Cardi B and Doja Cat suffered similar compromises; while Halley Welch, the TikTok star and podcaster made famous by the viral video “Hawk Tuah,” was recently called by the crypto community for promoting HAWK, which reached $480 million in market capitalization before collapsing and leaving investors and its fans holding the bag.