The NBA confirmed that its official Twitter account was hacked, as reported by multiple sources. The hackers used the account to promote a fraudulent cryptocurrency, specifically a coin purportedly named $NBA coin, alongside a similar promotion for NASCAR's $NASCAR coin. The incident was acknowledged by the NBA's public relations team, which clarified that there is no legitimate NBA Coin on the Solana blockchain. The combined follower count of the NBA and NASCAR accounts exceeds 50 million, amplifying the reach of the misleading messages. The hacking incident has raised concerns about the security of social media accounts associated with major sports leagues.