A cryptocurrency trader lost $26,820 USDC in two minutes after acting on fabricated information about the TRUMP coin. The incident occurred on March 13, 2025, after a compromised crypto news account spread misinformation about a new utility for the digital asset associated with President Donald Trump.
The rapid financial loss shows the dangers of making impulsive trading decisions in the volatile cryptocurrency market without properly verifying information sources.
Compromised Account and Rapid Loss of Trader
On March 13, 2025, crypto news outlet DB, which operates under the Twitter handle @tier10k, reported that their account had been compromised. The hacked account posted false information claiming that the TRUMP coin would soon have “real utility.”
This information triggered significant market interest, causing the token’s price to surge by 21%. The TRUMP coin reached a high of $11.57 before beginning to correct as the truth emerged about the compromised account. Trading volume increased by 43.03% in 24 hours.
The platform quickly clarified the situation by confirming that the post about TRUMP Coin’s utility was unauthorized.
The account stated in its post, “Obviously hacked. Do not trust any messages for now. Unclear what happened, 2FA/Yubikey etc all enabled.”
This clarification came shortly after the initial false claim, but not before the market had already reacted to the misinformation. According to blockchain data verified through Solscan, one trader’s reaction to the false news proved particularly costly.
After seeing the announcement about a new utility for TRUMP Coin, the trader created a new wallet and withdrew 504,820 USDC from Binance to purchase the token. The transaction was executed quickly as the trader attempted to capitalize on what appeared to be breaking news about enhanced utility.
However, when DB confirmed their account had been hacked and the information was fabricated, the price of TRUMP Coin began to fall rapidly. The trader then sold their position, resulting in a loss of 26,820 USDC. All of this happened within a concise two-minute timeframe.
Security Vulnerabilities in Crypto Communications
The @tier10k hack represents one instance in a broader pattern of security concerns within crypto-focused communication channels. Cybersecurity researchers at Confense documented an incident on March 10, 2025.
Hackers created emails that appeared to come from Binance, offering the ability to earn TRUMP coins through various actions. Those who followed the instructions installed malicious remote access tools, enabling hackers to steal information from infected computers.
As the cryptocurrency market continues to evolve, the need for reliable information sources and thorough verification processes becomes highly important.
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