- The FC Barcelona Instagram account was hacked to promote a fake cryptocurrency on Pump Fun.
- Posts falsely claimed the club was launching a token on Solana, which was not confirmed by the official site.
- One post remained online for several hours, gathering over 169,000 views, 1,600 comments, and 1,400 reposts.
- The token’s value briefly reached $3 million before plummeting to around $47,800, with the token creator earning nearly $26,000 in rewards.
- FC Barcelona has previously engaged with crypto projects but has not announced any partnership related to this token.
The official FC Barcelona Instagram account was compromised on Monday, with Hackers using the platform to promote a fraudulent cryptocurrency on Pump Fun. The posts told followers that the club was developing a major project on the Solana Blockchain and provided a token address for users to buy into the scheme.
No official statement or announcement confirming such a project appeared on the club’s official website. The posts were visible for several hours and gained significant attention. According to the article, one post received more than 169,000 views, alongside 1,600 comments and 1,400 reposts before removal.
Screenshots from the incident show the phony promotion mentioning the token’s supposed connection to FC Barcelona on Pump Fun. The false token launched at 12:45 a.m. UTC and saw its market value spike to $3 million, only to fall back sharply to about $47,800. The person behind the token, identified as DmPZBKYXHwE8MFTkUBEWiwEVRek1NNJkje5vcEoWRDEH, reportedly earned nearly $26,000 in creator rewards from trading activity. Trading volume in the first 24 hours reached $3.5 million.
The article adds that FC Barcelona is not new to the world of digital assets. In 2023, the club partnered with Socios to release a “fan token,” and the team’s sponsors have included crypto platforms like Whitebit and Chiliz in the past. The Whitebit exchange remains a sponsor, but there is no evidence linking the club to the Pump Fun project promoted in the hack.
This incident mirrors other fraudulent token launches, known as “rugpulls,” where a token’s value spikes before collapsing and investors lose funds. While the club’s prior crypto activity is documented, no authentic Barcelona token on Solana or Pump Fun has been announced by the organization.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Bitcoin Life Insurer Meanwhile Raises $82M to Meet Surging Demand
- Vietnamese Hacker BatShadow Targets Job Seekers with Vampire Bot Malware
- DefiLlama Delists Aster as Suspicious Perp Volume Raises Doubts
- Nvidia CEO Reaffirms H-1B Sponsorship Amid New Visa Fee Changes
- 2025 Nobel Prize Honors Quantum Circuit Pioneers Behind Qubits
