🚨 Major Security Breach Hits Crypto Industry

In a shocking turn of events, hackers have compromised the Instagram account of hip-hop group Migos (13M+ followers) to leak sensitive personal information belonging to Raj Gokal, co-founder and president of Solana Labs.


🔍 What Happened:

  • Hackers posted unredacted images of Gokal’s passport, driver’s license, and phone number.

  • Images also included a woman, believed to be his wife, holding her own ID.

  • Posts featured threatening captions and demanded a 40 BTC ransom (~millions in USD), implying Gokal didn’t comply with extortion attempts.

  • Hackers promoted a scam meme coin and shared Telegram links and audio files via the hijacked account.

  • The content remained live for about 90 minutes, sparking backlash over Meta’s slow incident response.

🗣 Background:


Gokal had posted earlier last week on X (formerly Twitter) about attempts to breach his digital accounts, including email and cloud services.

Blockchain investigator ZachXBT confirmed this was likely the result of coordinated social engineering attacks over several days.

As of now, Gokal has not made an official statement. Migos’ Instagram account has been restored to normal operation.

📉 Market Impact:

  • Solana (SOL) could face short-term volatility as the breach rattles investor confidence in leadership security.

  • Incident renews focus on cybersecurity vulnerabilities in the crypto industry.

  • Meta may face scrutiny for delayed response to high-profile account compromises.

$SOL

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