Multiple reports indicate that the Twitter account @SaudiLawConf has been hacked and is being used to promote fraudulent meme coins. The account, which falsely claims to represent Saudi Arabian officials, has already been linked to three scams involving 'rug pulls,' where investors are deceived into investing in coins that are then abandoned by their creators. Security alerts have been issued advising users to avoid interactions with the compromised account to prevent potential financial losses. Additionally, it has been clarified that this account is not associated with Crown Prince Mohammad bin Salman.