Dean Norris X Account Hacked to Promote $8M Memecoin Scam

Dean Norris X account was hacked to promote DEAN meme coins in a pump-and-dump crypto scam. On January 25, Norris’ hacked account endorsed the fraudulent token, which momentarily reached a market cap of $8.4 million.

This is Dean Norris actually, and that whole crazy crypto sh*t was a complete fake scam, aid the actor in a clarifying video after regaining control of his X account.

Hackers Exploit Celebrity Status for Dean Norris X Account Hack

The Dean Norris X account hack leveraged the actor’s fame to manipulate unsuspecting followers. Hackers posted a photoshopped image of Norris holding a notepad with $DEAN and its launch date, making it appear as though the actor himself endorsed the project.

To further authenticate the ploy, they released a manipulated five-second video where Norris seemingly declared, Hey, it’s me Dean, and January 25th, I’m declaring it’s real.

This false narrative led many to invest in the DEAN token, causing its market cap to soar to $8.4 million.

The day after the scam unfolded, Norris reclaimed his account and addressed the issue.

This is Dean Norris actually, and that whole crazy crypto sh*t was a complete fake scam. I was hacked and I don’t know, I just got it back, he said, thanking platform support for assisting in recovering his account.

He urged fans to disregard any promotional posts about the DEAN token, emphasizing, Ignore whatever that was.

Despite Norris’ efforts, the scam left a significant impact, damaging the trust of some followers.

The Dean Norris X account hack temporarily catapulted the DEAN token to viral status, with its market cap peaking at $8.4 million on January 25. However, by January 26, following Norris’ clarification, the token’s value plummeted dramatically.

According to data from DEX Screener, DEAN’s market cap now sits at just $57,000, a staggering drop of over 99%.

The token’s trading volume within 24 hours decreased to $263,000, and liquidity shrank to $46,000. With traders dumping their holdings en masse, DEAN’s value has been flat-lining for hours.

One Reddit user expressed frustration, stating, I genuinely thought this was a real project endorsed by Dean Norris. Now I’ve lost everything I invested.

While some rallied to support Norris, others accused the actor of orchestrating the scam himself. On Reddit, Norris responded to allegations, writing, I clicked on a couple accounts accusing me of lying, and it looks like THEY were the people pumping it up.

He clarified that he has no Telegram account and rarely uses X, underscoring his distance from the crypto space.

Cryptocurrency expert Alex Krüger weighed in on the incident, saying, Celebrity account hacks have become a frequent tactic in crypto scams. The community needs to stay vigilant and verify information before investing.

Dean Norris X Account Hack: Crypto Scams on the Rise

The Dean Norris X account hack is a stark reminder of the growing sophistication of crypto scams. By exploiting the trust and fame of celebrities, bad actors manipulate the market for personal gain.

In 2024 alone, cybercriminals stole over $2.5 billion through similar schemes, according to Chainalysis. Celebrities such as Elon Musk and Bill Gates have also fallen victim to account hacks promoting fraudulent tokens.

Rohan Grey, a professor of financial regulation, commented, These scams highlight the urgent need for stricter regulatory oversight in the crypto space and better platform security measures.

The Dean Norris X account hack serves as a cautionary tale for both investors and celebrities. While Norris quickly clarified his position, the incident underscores the vulnerability of even high-profile individuals to cyberattacks.

Crypto scams remain a pressing issue, and incidents like this highlight the importance of due diligence in the digital asset space. As the actor aptly put it, Whatever that was, just ignore it.

For now, Norris fans and followers can only hope this episode will serve as a lesson for greater security and awareness in the online world. Get more from The Bit Gazette