SpaceXAI and Starlink X Accounts Hacked to Promote SCATMAN Crypto Scam

Key Facts

Amid escalating cyber threats targeting major corporate entities, the official X accounts of SpaceXAI and Starlink were compromised to promote a fraudulent cryptocurrency token named SCATMAN. According to reports, the attackers leveraged the high-profile reputation of Elon Musk-linked entities to lure unsuspecting investors, successfully siphoning approximately $125,000 worth of Ethereum before the malicious posts were identified and removed from the platform.

This breach highlights persistent security vulnerabilities on social media platforms, even for verified accounts of leading technology firms. Similar incidents have plagued the sector; for instance, a hack of Ethereum co-founder Vitalik Buterin’s X account in September resulted in losses exceeding $690,000, according to cybersecurity data. These events underscore a growing trend of sophisticated social engineering attacks designed to exploit the trust associated with official corporate communications.

In the markets, the SPCX instrument stood at $145.30 at close July 10, 2026, as investors assess the potential impact of these security lapses on brand reputation. Looking ahead, market participants are monitoring the upcoming US ISM Services PMI data for broader economic sentiment, which typically influences risk appetite across both technology equities and the digital asset ecosystem.