Sol Team Linked to Crypto Influencer Account Hack, Investigation Reveals

A recent investigation has shed light on a sophisticated attack on a prominent crypto influencer's account. ZachXBT, a pseudonymous analyst, conducted an in-depth analysis that revealed the involvement of the Sol team behind the Solana-based memecoin CAT.

According to the findings, the attackers manipulated the launch of their own coin on May 24, allowing them to gain control of over 63% of the CAT supply. They then sold more than $5 million worth of the CAT memecoin and distributed the profits across multiple wallets.

The funds obtained from the sale were later deposited into the trading platform Hyperliquid. Just minutes before the hack, the attackers opened long positions of $2.3 million on ORDI (ORDI) and $1 million on Ether.fi (ETHFI).