{"id":16594,"date":"2025-03-07T01:31:38","date_gmt":"2025-03-07T01:31:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16594"},"modified":"2025-03-07T01:31:38","modified_gmt":"2025-03-07T01:31:38","slug":"hong-kong-crypto-scam-chief-executive-impersonator-account-promotes-fake-national-token","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16594","title":{"rendered":"Hong Kong Crypto Scam: Chief Executive Impersonator Account Promotes Fake National Token"},"content":{"rendered":"
\n

An X account impersonating Hong Kong\u2019s Chief Executive, John Lee Ka-chiu, launched a fake national cryptocurrency on Solana\u2019s token launchpad Pump.fun. The account promoted the token to its thousands of followers, seemingly aiming to capitalize on the recent Political memecoin frenzy.<\/p>\n

Hong Kong Gov\u2019t Denies National Cryptocurrency<\/h2>\n

On Thursday, an X account under the username \u201cJohnLeeKa_Chiu\u201d announced the \u201cNational Hong Kong Coin\u201d (HKONG). In the now-deleted post, the Chief Executive\u2019s impersonator said that the \u201cstrategic step\u201d marked<\/a> a \u201cnew era in digital innovation and economic growth for Hong Kong.\u201d<\/p>\n

A few hours later, the account stated<\/a> that the token would officially launch at 2:00 pm Hong Kong time, but it was postponed to 5:00 pm. Ahead of the launch, the impersonator interacted with several X accounts, replying to US President Donald Trump and Indian Prime Minister Narendra Modi.<\/p>\n

The account also replied to Barstool Sports founder Dave Portnoy\u2019s heated exchange with American actor Nick Cannon, who recently launched a Solana memecoin. In the post, the impersonator thanked Portnoy for allegedly helping the Hong Kong government \u201cwith launch of Hong Kong national crypto currency.\u201d<\/p>\n

\"crypto\"<\/p>\n

Some crypto investors discussed whether the Chief Executive had been hacked and if the announcement was a scam, as the X account displayed a gray verification mark, which indicates an account represents a government or multilateral organization.<\/p>\n

Nonetheless, John Lee Ka-chiu\u2019s official Facebook page denied<\/a> the links to the X account and explained the government was not launching a cryptocurrency. \u201cMembers of the public should not mistakenly believe the fake information claiming that the Chief Executive has announced the launch of the National Hong Kong Coin,\u201d the post read.<\/p>\n

He clarified that someone was pretending to be him to defraud unsuspected investors, warning them to \u201cbe careful in seeking evidence and verifying the authenticity of the information to prevent them from being cheated.\u201d<\/p>\n

Is The Political Memecoin Party Over?<\/h2>\n

On X, a member of the Legislative Council of the Hong Kong Special Administrative Region, Johnny Ng, echoed<\/a> the same warning:<\/p>\n

\n

To be absolutely clear \u2013 the government has confirmed this is completely fake and designed to scam people. Please be careful out there and don\u2019t fall for this trick!<\/p>\n<\/blockquote>\n

This incident raised concerns about X\u2019s account verification and security, as it follows a long list of hacked X accounts used to promote crypto scams. One user pointed out that the impersonator likely hacked the account of Indian officials and changed the username, name, and biography to conduct the scheme.<\/p>\n

Notably, the account previously posted pictures of the Prime Minister of India and reposted several posts from various Indian officials. Moreover, it deleted all posts related to the National Hong Kong cryptocurrency and changed its username to \u201cmoftransilvania,\u201d suggesting that the hackers remain in control of the account.<\/p>\n

Some users also pointed out that the scam didn\u2019t gain momentum since the hacker didn\u2019t launch and post the token\u2019s contract address (CA) quickly, which allowed investors to see the various red flags. As a result, the HKONG token only hit a market capitalization of $200,000 before collapsing.<\/p>\n

Others highlighted that the launch of political or Politician-related memecoins has already done \u201cenough damage\u201d to the crypto industry, noting the Central African Republic (CAR) \u201cexperiment,\u201d and the Argentina-linked Libra token (LIBRA) crash<\/a>.<\/p>\n

As reported by Bitcoinist, the Democratic Party of The US House of Representatives has proposed the Modern Emoluments and Malfeasance Enforcement (MEME) Act, aiming<\/a> to prohibit federal officials from\u00a0promoting various financial assets or participating in conducts that could financially benefit them from these assets.<\/p>\n

This move follows the launch of the TRUMP and MELANIA memecoins by the US Presidential Family, which has raised concerns about the risks of Politician-issued tokens.<\/p>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

An X account impersonating Hong Kong\u2019s Chief Executive, John Lee Ka-chiu, launched a fake national cryptocurrency on Solana\u2019s token launchpad Pump.fun. The account promoted the token to its thousands of followers, seemingly aiming to capitalize on the recent Political memecoin frenzy. Hong Kong Gov\u2019t Denies National Cryptocurrency On Thursday, an X account under the username […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16594","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16594"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16594\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}