<ul><li>The meme coin Official Trump (TRUMP) experienced a 20% pump and dump after fake news about its real-world utility spread.</li><li>A compromised X handle of popular crypto news outlet DB led to the circulation of the false rumors.</li><li>Investors lost 26,820 USDC within two minutes after purchasing TRUMP tokens based on the fake news.</li><li>The TRUMP token's price crashed back to $10.75 levels after the outlet confirmed the hacking incident.</li></ul>

TRUMP Crypto Pump and Dump: Fake Utility News Sparks Wild Swings

Discover more