The hackers recently violated South African Parliament’s social media accounts, including X, Facebook and YouTube, to promote fake cryptocurrencies, named after President Cyril Ramaphosa.
The fake token was created 24 hours before the violation
On March 15, hacked social media accounts of the South African Parliament promoted a fake Solana-based cryptocurrency with the surname Cyril Ramaphosa, the country’s leader. The token was created about 24 hours before a violation that caused cybercriminals to seize control of Congress’ X, Facebook and YouTube accounts.
Analysis of the violation reportedly showed that the hackers created a Ramaphosa token on Solana-based Memocoin. Legislative spokesman Moloto Mothapo confirmed the violation.
“Congress has identified security violations affecting one of the 25 YouTube streaming services (channels).
The spokesman added that the Congressional digital team has terminated the compromised stream and that an investigation is underway to determine the cause of the violation. In addition to the Ramaphosa token, cybercriminals are said to have created the Congress (Rasatoken).
The South African Parliament is the latest well-known African institution or individual who is attacked by hackers who seem to be targeting social media accounts using considerable followers. In February, Kenya’s law enforcement agency, Criminal Investigation Bureau (DCI), confirmed that cybercriminals used compromised accounts to promote fake cryptocurrencies.
Before that, Tanzanian billionaire Mohamed Duge revealed that his X account had been breached by hackers. Dewji eventually regained control of his account, but only after the hackers fled unsuspecting users to users over $1.4 million. Although numbers have not been revealed regarding the amount of funds stolen in South Africa’s parliamentary violations, daily Maverick’s report suggested that hackers made efforts to acquire the funds stolen.
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