On-chain investigator ZachXBT reported that a Solana user lost more than $2.2 million in meme coins after their wallet was drained following a compromise of the official WallStreetBets account on X (Twitter). According to his investigation, the victim interacted with a phishing site promoted via a malicious post from the hijacked WallStreetBets account, which led to the drainer obtaining transaction permissions and emptying the user’s holdings of Solana-based meme tokens. The attack appears to be part of a broader pattern of wallet-draining campaigns that target retail traders seeking high-risk, newly launched tokens on Solana and other chains. The incident underscores how account takeovers (ATOs) of large social media profiles are being weaponized to distribute phishing links that look legitimate to followers, especially when tied to well-known brands or communities like WallStreetBets. For Solana users, the case highlights specific risks around permission signing and token approvals when interacting with unfamiliar dApps or “airdrop”/“mint” sites promoted on X, as drainer tools can rapidly sweep all SPL tokens once given sufficient authorization. More broadly, the theft adds to a rising tally of funds stolen via phishing and drainer-as-a-service operations in the meme-coin trading niche, illustrating how speculative activity around Solana meme coins has attracted sophisticated scammers and reinforcing the need for stricter operational security, verification of links, and use of wallet protections such as spending limits or separate “hot” trading wallets.

AI-generated background, compiled from web sources — not editorial content.

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