In an unexpected twist of the digital landscape, scammers pulled off a daring hack on the official X accounts of the NBA and Nascar on March 4th, 2025, to peddle fictitious cryptocurrencies dubbed $NBA and $Nascar. Imagine waking up to see your favorite sports leagues announcing a new coin that doesn’t even exist! This nefarious activity involved posting enticing claims about a so-called $NBA Coin being launched on the Solana blockchain, complete with a fake press release to lure unsuspecting fans. While these malicious posts quickly gained traction across various official channels, the NBA was swift to deny any affiliation with these fraudulent coins, emphasizing that there are no official plans for such digital assets. As scams increasingly target prominent figures and organizations, it begs the question: how can we protect ourselves in this ever-evolving crypto landscape? To dive deeper into this alarming trend and the NBA’s past ventures in cryptocurrency, LEARN MORE.
Key Notes
- NBA and Nascar X accounts were hacked to promote fake $NBA and $Nascar coins.
- Scammers posted false claims about the coins on Solana.
- NBA denies any official $NBA Coin plans.
Scammers hacked the official X accounts of the NBA and Nascar on March 4th, 2025, spreading false claims about cryptocurrency launches.
Malicious posts appeared on the NBA’s main and country-specific channels, as well as Nascar’s key competition accounts, including the Nascar Cup. The posts falsely announced the launch of the non-existent $NBA and $Nascar coins on the Solana blockchain, accompanied by a fake press release.
One post claimed, “The NBA is taking the game to the next level. Introducing $NBA Coin – our official digital asset on Solana to boost fan engagement and the future of sports transactions,” along with a link to a contract address.
