Hackers took over the X account of Vivek Ramaswamy – the Department of Government Efficiency co-leader – and posted a false claim about a collaboration between D.O.G.E and stablecoin issuer USUAL.
The announcement triggered significant bullish actions for USUAL prices.
The altcoin jumped from the daily low of 1.1588 to 1.6244, translating to a 40.17% 24-hour surge.
Fake collaboration that propelled USUAL
The deleted X post highlighted a supposed partnership between the stablecoin project USUAL and the Department of Government Efficiency.
The announcement added that the alliance will utilise cryptocurrency initiatives to reduce the federal fiscal deficit, matching the incoming government’s objective.
The scam post also claimed plans to streamline federal spending while “exploring new avenues that harness the potential of digital currencies to achieve sustainable economic growth and stability.”
Invest Azoria CEO James Fishback confirmed the announcement as falser after a conversation with Ramaswamy.
Replying to @VivekGRamaswamy
I just spoke with Vivek. He has been hacked. He is locked out of his account. This is a scam.
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Nonetheless, the bullish statements saw USUAL prices rising even as bears dominated the digital assets sector.
USUA price surges amid crypto market bloodbath
Digital assets suffered massive corrections as Bitcoin hit weekly lows of $94.70K following the latest hawkish Federal remarks.
While altcoins suffered the most, Usual (USUAL) defied the downtrends with an over 40% jump on its daily chart.
The token changed hands at $1.32 after dropping from the $1.6244 daily peak.
Source – Coinmarketcap
However, bearish signals appear visible, and USUAL will likely erase its recent gains.
The altcoin will likely succumb to the prevailing selling wave in the broad cryptocurrency market.
Nevertheless, USUAL’s performance underscores how sensitive digital assets are to remarks from influential figures.
Hackers have also capitalised on such vulnerability to fuel their undertakings.
Fraudsters likely targeted Ramaswamy’s account due to his influence in the government, which includes working with Elon Musk to lead D.O.G.E.
Meanwhile, December has seen a surge in fake crypto advertisements through hacked social handles.
High-profile figures and crypto scams in December
This incident is among the latest that have shaken the cryptocurrency industry.
Hackers have increasingly used social media to exploit public innocence.
Perpetrators compromised Anthropic’s X account early this week to promote a false CLAUDE token.
The Anthropic (Claude) Twitter is likely hacked.
Don’t interact with any links, don’t buy the token.
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The post claimed that the altcoin would incentivize cryptocurrency projects and artificial intelligence.
On-chain stats showed that fraudsters scammed speculative investors of approximately $100K.
🚨 𝐃𝐫𝐚𝐤𝐞’𝐬 𝐗 𝐚𝐜𝐜𝐨𝐮𝐧𝐭 𝐡𝐚𝐜𝐤𝐞𝐝!
Scammers used his 39M followers to push $ANITA, a fake meme coin on Solana, claiming a collab with Stake.
$5M traded before the fraud unraveled. Celebs like Cardi B & Doja Cat face similar hacks.
Stay vigilant! ⚠️
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On December 15, hackers compromised Drake’s X account.
They advertised the “Anita” meme token, purportedly linked to the rapper’s 2025 Anita Max Wynn tour.
Moreover, TikTok sensation Haller Welch, popular as the “Hawk Tuah” girl, faces lawsuits after her scam HAWK project.
Also, Doja Cat and Cardi B joined the increasing incidents of celebrity crypto scams.
These events showcase how crucial heightened security and regulation are to safeguard investors in the crypto space.
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