Doja Cat's X Account Security Breach Results in $1.6M Cryptocurrency Scam Loss

The X social media account of renowned rapper Amala Ratna Zandile Dlamini, professionally known as Doja Cat, experienced a security breach that was exploited to promote a fraudulent cryptocurrency token named "DOJA". This unauthorized promotion resulted in investor losses exceeding $1.6 million.

Market Impact and Volatility

Following the unauthorized promotion through the compromised account, the "DOJA" token witnessed a dramatic market capitalization surge to $1.65 million, according to Daily Trends, a prominent celebrity news source. However, the token's value subsequently collapsed to a market capitalization of merely $16,820, inflicting substantial financial damage on investors who participated during the artificial price inflation period.

Security Breach Confirmation

Doja Cat promptly addressed the incident in a video statement, emphatically denying any connection to the cryptocurrency promotion: "It is not me. It is literally an imposter!"

The unauthorized posts from her account included promotional content featuring an image of Doja Cat in armor with the message "buy DOJA or else." Additional compromised communications included derogatory statements directed at fellow rapper Iggy Azalea, who legitimately launched her MOTHER token last month.

Pattern of Celebrity Account Exploitations

This incident represents a concerning trend in the cryptocurrency ecosystem where celebrity social media accounts are targeted for unauthorized access to execute cryptocurrency fraud schemes. Recent similar cases include:

• Metallica's social media account was compromised to promote a Solana-based memecoin, causing a market capitalization spike followed by a significant value decline

• Rapper 50 Cent's X account was exploited for a cryptocurrency pump-and-dump scheme just days before the Doja Cat incident

• A Hulk Hogan-themed token lost approximately $15 million in market capitalization within minutes after the wrestling legend allegedly removed social media posts promoting the cryptocurrency

Despite the recurring nature of these security incidents and public warnings, investors continue to experience substantial losses from such unauthorized promotions through compromised celebrity accounts.