Fnalysis.
Space Impersonation
Hackers hijacked SpaceX and Starlink's X accounts to launch a meme coin, and it spiked 575% in 20 minutes
On July 12, 2026, attackers took over the X accounts of SpaceXAI and Starlink and posted messages promoting the SCATMAN meme coin, using a fake "Sam Catman" profile with a forged SpaceXAI affiliation badge. Within the first 20 minutes, the token surged 575% and its market cap briefly topped $800,000, before crashing.
Hijacking verified accounts of major companies to promote meme coins has become a recurring tactic: attackers exploit the instant credibility of an official account to drive impulsive buying before the platform or the company itself can react and pull the content down.
Source: Bitcoin Foundation →Houston, we have a rug pull.