Pseudonymous crypto trader GCR revealed that his X account was hacked through a bribe, leading to an ORDI pump-and-dump scheme.

On May 26, the X account of pseudonymous cryptocurrency trader GCR (Gigantic Rebirth) was hacked, with attackers allegedly using a bribe to promote two tokens on crypto exchanges.

He had been notified two months ago by someone affiliated with Twitter that bribes had been made to access his account, and he had increased security measures at that time.

However, security measures are ineffective if X employees accept bribes for admin access.

GCR, a well-known figure in the cryptocurrency community, informed his followers of the breach through an X post on another account, stating that the bad actors took control of his original account and used it to promote ORDI, a BRC-20 token associated with the Ordinals protocol on the Bitcoin blockchain, and LUNA2, a token created to revive the Terra Luna ecosystem after the UST stablecoin collapse in May 2022.

“Was notified 2 months ago by someone affiliated with twitter that bribes were had been made to get access to my account, and beefed up security then. But there can’t be any security if X employees take money for admin access.”

GCR

Shortly after the hacked account posted about ORDI, the token’s price on Bybit surged from $38 to $46 before plummeting back to $40 within minutes.

While the identity of the hacker remains unknown as of press time, blockchain investigator ZachXBT noted on his X account that the hacker’s identity might be revealed within 12-24 hours, adding that the hacker “messed up and washed their funds poorly,” making it possible to track them through centralized exchanges.

Multiple reports suggest that the hacker allegedly opened large positions on various centralized exchanges before hacking GCR’s account, potentially revealing their identity.