SpaceXAI and Starlink Hack Fuels SCATMAN Rug Pull

According to Lookonchain, a hacker used the X accounts of SpaceXAI and Starlink to promote SCATMAN and then quickly sold nearly $125,000 worth of ETH.

Key Takeaways

• According to Lookonchain, a hacker used compromised X accounts from SpaceXAI and Starlink to promote SCATMAN.
• The attacker reportedly sold from two wallets for a combined total of nearly $125,000 in Ethereum.
• The incident fits a familiar pattern where hacked accounts are used to carry out a rug pull.

On-chain tracker Lookonchain says a hacker used the allegedly compromised X accounts of SpaceXAI and Starlink to hype the meme coin SCATMAN. The posts helped generate nearly $125,000 (€109,400) in Ethereum, and the messages were later removed from both accounts.

How the Attack Played Out

Per Lookonchain, the attacker minted 10 trillion SCATMAN first, then dumped the full supply for 59 ETH, worth about $108,000 (€94,500). A second wallet tied to the same actor also sold another 59.28 million SCATMAN tokens for 14.7 ETH, or roughly $27,000 (€23,600).

In total, the two wallets brought in nearly $125,000 (€109,400) in ETH. Lookonchain connected the addresses 0xfee50d4ce48f2d05f520ce04c875647e4870a8ba and 0xdd9f6d3e16ebda7f35cb694ceadb50af3eebba89 to the same attacker. BeInCrypto said it could not independently confirm the claims and reported that it had reached out to SpaceX for comment.

Why This Pattern Keeps Showing Up

The episode follows a well-worn crypto scam playbook: a hacked or hijacked account is used to give a token instant credibility, and the attacker sells into the attention almost immediately. In this case, the situation was especially notable because SpaceXAI was only launched in May 2026 as a SpaceX subsidiary focused on artificial intelligence and social media platforms.

Similar abuse has hit other well-known accounts too, including those tied to Mandiant, Netgear, and Hyundai. Incidents like this show how quickly a trusted brand on social media can be turned into a tool for a rug pull.

Why This Matters for Crypto Followers

For European crypto followers, the bigger lesson is how quickly a token can pick up momentum on social media before there is any real market backing. It also underscores that account security and verification on platforms like X are a key part of the broader security risk around crypto and meme coins.

So this is not just a story about one scam. It is also a reminder of how easily trust on social platforms can be exploited in crypto. A similar pattern showed up in a fake airdrop on X, where a single click was enough to drain funds.