Hackers Announce $NBA Coin To Fans After Take Over The NBA’s X Account

Hackers managed to hack into the NBA’s X account and took control of it like it was a piece of cake. But here’s the real kicker—they didn’t just stop there. They went on to introduce their own cryptocurrency, $NBA Coin, to all the fans out there.

But before you start panicking, let me assure you that the NBA has quickly jumped into action to resolve this situation by releasing a statement letting fans know that the account was hacked and that the cryptocurrency announcement wasn’t from the NBA.

On Tuesday afternoon, a post made to the NBA‘s official X account and its 48million followers read: ‘The NBA is taking the game to the next level. Introducing $NBA Coin! our official digital asset on Solana, designed to enhance fan engagement and the future of sports transactions. 41’

The post then featured a ‘contract address’ – a long collection of random numbers and letters – as well as a picture of a fake press release.

The release promised that NBA Coin would provide ‘lightning fast transactions, unparalleled security and seamless integration into the Web3 landscape.’

The post was made on at least two separate occasions to the NBA account – and separately to the NBA Spain account – before they were all eventually removed.

The league later confirmed to Front Office Sports that the posts were the result of a hack.

In the meantime, keep an eye out for any updates from the NBA regarding this wild ride. Before that, be aware that $NBA coin isn’t legitimate and you invest at your own risk.

Flip to the next page for the NBA’s statement about the hack…

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