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The pseudonymous crypto trader GCR's account was hacked through a bribe on May 26, leading to an ORDI pump-and-dump scheme. An investigation by ZachXBT revealed that the team behind the Solana $CAT memecoin was responsible for the hack. Minutes before the hack, an address tied to the $CAT team opened $2.3 million in ORDI and $1 million in ETHFI longs on Hyperliquid. Following the revelation, the price of $CAT coin dropped by 30%.
SOLANA’S $CAT MEMECOIN EXPOSED BY ZACHXBT - MANIPULATED $ORDI PRICE WITH RECENT HACK - In a report published today, @ZachXBT sought to expose the team behind the @Sol $CAT memecoin, connecting the nefarious actors to last night’s hack of @GCRClassic’s account. - The report… https://t.co/oerHjncqia https://t.co/gVH43z9YTA
🚨JUST IN: @SOL $CAT MEMECOIN CONNECTED TO LAST NIGHT'S @GCRCLASSIC HACK
[COINTELEGRAPH] Memecoin team connected to GCR hack, reveals ZachXBT
