Hackers Hijack SpaceX and Starlink X Accounts to Promote SCATMAN Memecoin on Robinhood Chain

Attackers seized the official X accounts of SpaceX and Starlink on Sunday to promote a memecoin named Scam Altman (SCATMAN), which briefly touched a $32 million market cap on Robinhood Chain. Onchain analytics firm Lookonchain reported that the hacker minted 10 trillion tokens and sold them for approximately 73.7 ETH, worth about $135,000.

The compromise occurred when both accounts, belonging to Elon Musk’s rocket company SpaceX and its satellite internet unit Starlink, began amplifying promotional posts for the token. The companies later regained control and deleted the material. Solanafloor first flagged the breach, and Lookonchain revealed that a hacker launched the token, minted 10 trillion SCATMAN, and dumped all of it for 59 ETH ($108,000). A second wallet controlled by the same attacker sold another 59.28 million SCATMAN for 14.7 ETH ($27,000), bringing total proceeds to roughly 73.7 ETH. The token’s market capitalization peaked at $32 million before sliding as the dump occurred, while 24-hour trading volume climbed to $5.7 million.

This scheme follows a familiar pattern: hijacking a verified corporate account with millions of followers, attaching a token to the brand’s credibility, and selling into the buying frenzy. Musk-linked names have long been a target for crypto scammers, and the SpaceX and Starlink handles are among the most recognizable brands on X.

SCATMAN was deployed on Robinhood Chain, the trading platform’s layer-2 network that launched on July 1. The chain’s permissionless design allows anyone to deploy tokens at scale, and its early days have been marked by a flood of fraudulent assets alongside legitimate projects. Cross-chain interoperability platform Relay Protocol has warned of honeypot tokens on the network—coins hardcoded so buyers cannot sell or that transfer funds directly to an attacker. Relay Protocol stated: “There’s been an increase in scam tokens designed to remove themselves after purchase. We are blocking such tokens as they appear and verifying safe ones.”

The SCATMAN incident adds a social media compromise to that environment. A token with a joke name, minted in the trillions and promoted through hijacked flagship accounts, attracted $32 million in paper value within hours of the chain’s second week of operation. For buyers who chased the posts, losses were immediate once liquidity drained.

Neither SpaceX nor X had issued a detailed statement on how the accounts were breached at the time of writing. Both accounts were restored and the promotional posts removed by Sunday evening. The unanswered question remains attribution: Lookonchain’s wallet trail gives investigators a starting point, and previous high-profile X account compromises have drawn scrutiny from U.S. authorities. Whether this one produces enforcement action or remains another entry in the ledger of celebrity-brand token scams will become clearer in the days ahead.

Source: https://news.bitcoin.com/spacex-starlink-x-accounts-hacked-scatman-memecoin/