- UK Minister Lucy Powell’s X account was hacked to promote a fake crypto coin, $HCC.
- The scam mimicked an official UK initiative, but only raised £225 before being taken down.
- Platforms like Best Wallet help users avoid similar crypto frauds through verified presales.
The rise of social media-based crypto scams hit the UK government this week. Minister Lucy Powell’s X account was compromised to promote a fraudulent token, “House of Commons Coin” ($HCC).
This incident underscores the increasing trend of using verified public figures to lend credibility to pump-and-dump schemes. As more political and celebrity accounts fall victim to phishing attacks, the need for secure platforms is growing.
From Hack to HODL: Why Smart Investors Avoid Social Media Crypto Traps
High-profile hacks like Lucy Powell’s X account aren’t isolated. Similar incidents—like BBC’s Nick Robinson falling victim to a phishing scheme promoting $TODAY—reflect a pattern. These schemes exploit public trust to push worthless coins. The tactics are classic pump-and-dump: scammers create hype, inflate prices, then vanish with the funds.
Platforms like Best Wallet provide an antidote. It’s designed to spotlight only vetted crypto presales. Users have a secure way to access emerging opportunities without gambling on social media speculation. With integrated features like a DEX, token launchpad, and cross-chain swaps, it’s more than just a wallet. It’s a full ecosystem.
Security remains a core focus. Best Wallet offers self-custody (you hold the keys), 2FA, FaceID login, and anti-fraud protection. By eliminating intermediaries and relying on advanced verification protocols, the app ensures that even during chaotic trends, your assets remain safe.
The wallet’s native token, $BEST, adds extra utility. It offers up to 129% APY through staking, reduced transaction fees, and governance power. As its presale continues gaining traction, early investors could benefit from substantial value appreciation. However, as always, market risks still apply.
In a digital world where even ministers fall prey to crypto fraud, it is vital to safeguard your investments. Choose platforms with trust, transparency, and tech-driven security.
“Trust, once lost, is the hardest thing to regain—especially in the digital age.”
— Unknown
