Former Brazilian President Bolsonaro X Account Hacked to Promote Memecoins... Twice

• Bolsonaro’s Twitter was hacked twice in one week to promote a suspicious memecoin
• Hackers used a misspelled “$BRAZIL” coin, hinting at foreign involvement
• Rising trend of high-profile Twitter hacks targeting accounts to push scam cryptocurrencies

Former Brazilian President Jair Bolsonaro got his Twitter account hacked not once, but twice in the same week. On both occasions, the hackers used the account with over 13 million followers to promote a “new memecoin”.

Since Donald Trump launched his Presidential memecoins in the U.S., the world has seen a growing trend of hacking incidents to promote dubious cryptocurrencies. In Jair Bolsonaro’s case, the Brazilian’s account was hacked twice in the same week to promote a dubious cryptocurrency 

The post in question presented a picture of Bolsonaro alongside U.S. President Donald Trump, in which the poster claimed that “ $BRAZIL is the coin that represents the pride, liberty, and power of the Brazilian people”.

The name alone of the currency already draws suspicion from the get-go. In Brazil, the country’s name is spelled with an “S” as “Brasil”. Only foreigners spell the country’s name with a “Z”, leading to the interpretation that the hackers could be from outside the boundaries of the South American giant. 

Fabio Wajngarten, a Brazilian entrepreneur who’s politically associated with Bolsonaro, requested that the Federal Police investigate the occurrence, claiming that the incident harmed the democratic principle in Brazilian politics. 

Twitter Profiles Hacks on The Rise

This incident has been happening more and more over the past weeks. Just to name a few, Dean Norris (the actor who played Hank on Breaking Bad), the official account for Cuba, the UFC, and even the Catholic Church are some of the Twitter accounts hacked to promote scam tokens. 

While in Trump’s case, the currency was officially launched by him — this raises yet another ethical question of whether a person in such a position of power should use it to promote memecoins.

$TRUMP and $MELANIA’s outstanding rise in value in such a short timeframe poses yet another threat. Investors who have heard of such a rapid rise may not want to waste any time jumping into a new “official” memecoin by a well-known entity. 

But let’s be real, the Catholic Church one was pretty obvious…

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