Pseudonymous crypto trader GCR revealed that his X account was hacked through a bribe, leading to an ORDI pump-and-dump scheme.

On May 26, the X account of pseudonymous cryptocurrency trader GCR (Gigantic Rebirth) was hacked, with attackers allegedly leveraging a bribe to promote two tokens on crypto exchanges.

Appears someone was bribed at https://t.co/ZZQS3JW0K7

Was notified 2 months ago by someone affiliated with twitter that bribes were had been made to get access to my account, and beefed up security then

But there can't be any security if X employees take money for admin access…

— GCR (@GiganticRebirth) May 26, 2024

GCR, a prominent figure in the cryptocurrency community, alerted his followers to the breach via an X post on another account, saying the bad actors took control of his original account and used it to shill ORDI, a BRC-20 token associated with the Ordinals protocol on the Bitcoin blockchain, and LUNA2, a token aimed to rescue the Terra Luna ecosystem following the collapse of the UST stablecoin in May 2022.

“Was notified 2 months ago by someone affiliated with twitter that bribes were had been made to get access to my account, and beefed up security then. But there can’t be any security if X employees take money for admin access.”

GCR

Shortly after the hacked account posted about ORDI, the token’s price on Bybit soared from $38 to $46 before nosediving back to $40 within minutes.

While the identity of the hacker remains unclear as of press time, blockchain sleuth ZachXBT noted on his X account that the hacker’s identity might be revealed within 12-24 hours, adding that the hacker “messed up and washed their funds poorly,” making it possible to track them through centralized exchanges.

Multiple reports indicate that the hacker allegedly opened large positions on various centralized exchanges prior to GCR’s account hack, potentially revealing their identity.