Hackers used the hacked Nasdaq official X account to promote a fraudulent meme coin called STONKS. The hacker attached a fake Nasdaq associated X account in the tweet and used the official Nasdaq account to repost the post, in order to increase the credibility of the meme coin.

This tweet has been deleted and the fake X account has also been blocked.

This meme coin seems to be a counterfeit version of the existing meme coin STONKS within the Solana ecosystem, and the original meme coin owns the intellectual property of this meme. According to DEXscreener's data, the market value of fake STONKS soared to $80 million at one point, but then quickly collapsed.