Hackers recently targeted the Saudi Law Conference's X account, assuming the identity of Crown Prince Mohammed bin Salman to promote counterfeit cryptocurrencies. They launched an 'Official Saudi Arabia Memecoin' and 'FALCON Memecoin,' sharing contract addresses for these non-existent tokens to deceive potential investors.

The fraudulent activity serves as a stark reminder of the vulnerabilities within digital platforms and the lengths scammers will pursue to perpetrate their schemes. This incident highlights the need for heightened vigilance among crypto enthusiasts and the importance of verifying information before engaging in token transactions.