The fake MOCA token on Solana exploited Animoca's links to Mocaverse and the Moca Network.

What to know:

– The X account of Animoca Brands co-founder Yat Siu was compromised and used to promote a fictitious token.
– The fake MOCA token on Solana plays off the Moca Coin (MOCA) related to Animoca-linked Mocaverse.
– The scam may be related a more than a dozen similar exploits that have occurred over the past month, according to ZachXBT.

The X account of Animoca Brands co-founder Yat Siu, one of CoinDesk's Most Influential 2024, was compromised and used to promote a fictitious token, the company said in a post on the social media platform.

Animoca, a metaverse and gaming venture capital firm, posted a warning on its own account at 01:36 UTC on Thursday saying Siu's account had been compromised and the company was not introducing an official token or non-fungible token (NFT).