SpaceX, Starlink X Accounts Hacked to Push SCATMAN Rug Pull

What happened

A hacker rug pulled a token called SCATMAN after reportedly seizing control of the SpaceXAI and Starlink accounts on X, walking away with roughly $125,000 in Ethereum (ETH). On-chain tracker Lookonchain traced the stolen funds across two wallets. The scheme mirrors a run of high-profile account takeovers aimed at promoting fraudulent tokens. Inside the SCATMAN Rug Pull According to Lookonchain, the attacker promoted the SCATMAN meme coin after allegedly compromising the SpaceXAI and Starlink X accounts

Confirmed

Global impact / market context

The incident shows how high‑profile social media accounts can be weaponized to push fraudulent crypto tokens, raising security risks for investors and highlighting the need for stronger account protection and due‑diligence before buying meme coins.

Analyst inference

A hacker hijacked the SpaceXAI and Starlink X accounts on the social platform X, used them to promote a meme token called SCATMAN, and stole about $125,000 worth of Ethereum, which was tracked across two wallets by the on‑chain analytics tool Lookonchain.

Confirmed

What to watch

1. Watch for increased scrutiny or policy changes by X (formerly Twitter) on verified crypto‑related accounts, which could affect how projects promote tokens on the platform. Analyst inference
2. Monitor on‑chain analytics services like Lookonchain for alerts on sudden token promotions tied to compromised accounts, as they may help investors avoid similar rug pulls. Analyst inference
3. Track regulatory responses to social‑media‑driven crypto scams, as new guidance could impact how crypto projects market themselves and how investors assess promotional claims. Analyst inference

Affected assets

• ETH — Ethereum

Evidence

• beincrypto.com