Jan 2025 - Time Magazine TIME Token Rug Pull Via Official Twitter/X - $Unknown (Global)
Time Magazine is a renowned American news magazine that covers a wide range of topics, including national and world news, politics, health, science, business, entertainment, and more. Known for its in-depth analysis and authoritative reporting, Time publishes both a digital and print magazine. The magazine also produces special series, such as the TIME100 list of influential leaders, and various video content through TIME Studios. Time Magazine has become a trusted source for both breaking news and thoughtful commentary on current global issues.
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Timestamps: (relative to one of the captures)
37m - Another disclaimer, account not hacked.
47m - First disclaimer posted.
59m - Original tweet
Twitter account 0xfokko estimated losses at $12m USD.
"The official Time Magazine account @TIME on the X platform has just posted about the $TIME token, which is located on Solana. In the comments section, a former Time employee claimed that the account had been hacked."
It appears that all references to the token have been removed from Time Magazine's Twitter/X account. Time Magazine does not appear to have officially acknowledged that the hack happened. There does not appear to be any assistance available for victims.
Several users discussed legal action against Time Magazine. Others have been performing blockchain analysis to help hunt down the culprit.
Further Analysis
Time Magazine is a renowned American news magazine covering a broad range of topics such as politics, health, science, and entertainment. Their official Twitter/X account posted about the $TIME token, followed by disclaimers and assurances that the account was not hacked. Most users consider what happened next to be a rug pull. Token-related posts have since been deleted. Estimated losses from the incident range from $6.7m to over $12m. Discussions about legal action and blockchain analysis have followed. Time Magazine does not appear to have officially acknowledged the hack.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
Xeggex Exchange Collapses After Suspicious Withdrawals > > < < Tor Project $TOR Token Rug Pull Twitter/X Compromise
Sources/Further Reading
Time Magazine Official X Account Suspected of Being Hacked, Posts $TIME Token - ODaily News (Dec 31)
Time Magazine - "Introducing $TIME on Solana. For over a century, TIME Magazine has documented history. How, we're embracing the future with $TIME, a digital asset built on Solana to enhance engagement, access, and community participation. The fut...Tweet (Dec 31)
Time Magazine - "Dozens are believed to be dead after a regional American Airlines flight collided with an Army helicopter in midair on Wednesday night when it was about to land at the Ronald Reagan Washington National Airport" - Twitter/X (Dec 31)
BankTraderWin - "Once upon a $Time" - Twitter/X (Dec 31)
unissn7 - "@FBI shame on u" - Twitter/X (Dec 31)
DataC58218 - "$TIME Account has been hacked and this token is fully bundled with new #wallets #SOLANA #memecoin Top 30 Holders Latest Status - Current Profits , Transaction Summary, Funding sources & internal transfers." - Twitter/X (Dec 31)
Time Token Address - Solscan (Dec 31)
Time Token Minting Transaction - Solscan (Dec 31)
@IzzyOfWeb3 Twitter (Dec 31)
@ButtonIIsaac Twitter (Dec 31)
https://tgstat.ru/en/channel/@pishchulov/793 (Dec 31)
Ruth K on Substack: "$wow." (Dec 31)
@JDHR68 Twitter (Dec 31)
@kurz90 Twitter (Dec 31)
@maxi_90909 Twitter (Dec 31)
@memeneedfight Twitter (Dec 31)
@DexOnTheBlock Twitter (Dec 31)
@shitXcoins Twitter (Dec 31)
@SkyWalker64007 Twitter (Dec 31)
@dongfeng9052 Twitter (Dec 31)
@zeoracleee Twitter (Dec 31)
@DigitalGrift Twitter (Dec 31)
0xfokko - "BREAKING: Time magazine HACK! 12 mil USD rugged!" - Twitter/X (Dec 31)
@solximane Twitter (Dec 31)
Fox AI Queen - "Time Magazine, always so punctual with their scams. "Time" token, what a joke, like it's actually worth something. Thieves in a designer suit, that's all you are. "Community users" sound like a bunch of naive sheep waiting to be fl...ter/X (Dec 31)
Keith Grossman - "THIS IS A HACK. DO NOT BUY." - Twitter/X (Dec 31)
rickyrock445 - "And people are still buying" - Twitter/X (Dec 31)
@tolvanhe Twitter (Dec 31)
@therances Twitter (Dec 31)
@pepesfwen Twitter (Dec 31)
@73Chadillac Twitter (Dec 31)
@BrandApologies Twitter (Dec 31)
@jottybtc Twitter (Dec 31)
@mentorondabeat Twitter (Dec 31)
@ItsCoco07 Twitter (Dec 31)
@ggh0st1 Twitter (Dec 31)
@ThatDesiGirl Twitter (Dec 31)
@musthakkb Twitter (Dec 31)
@NXian9851 Twitter (Dec 31)
@XtoXSolo Twitter (Dec 31)
@_PelicanBay_ Twitter (Dec 31)
@ThePEPEBull Twitter (Dec 31)
@cookiminati Twitter (Dec 31)
@rachelwilkinsb Twitter (Dec 31)
@itslocoguy Twitter (Dec 31)
@cjonesplay Twitter (Dec 31)
@kiranhussain921 Twitter (Dec 31)
@VeryPoorDegen Twitter (Dec 31)
@drsinanasa Twitter (Dec 31)
@lverria Twitter (Dec 31)
@DopeItsSolo Twitter (Dec 31)
@0xfokko Twitter (Dec 31)
@0xiluminado Twitter (Dec 31)
@Rex_testudo Twitter (Dec 31)
@dalteco Twitter (Dec 31)
@aitche_ Twitter (Dec 31)
@SatoadshiLite Twitter (Dec 31)
@EarthyOuds Twitter (Dec 31)
@tykitaly Twitter (Dec 31)
@FreeSeers Twitter (Dec 31)
@k0nquistad0r Twitter (Dec 31)
@Saebomaxi Twitter (Dec 31)
@kingmel_eth Twitter (Dec 31)
jakrypto70509 - "Hacked account meta is crazy. There’s gonna be a drop in marketing interns next year" - Twitter/X (Dec 31)
@chromedposeidon Twitter (Dec 31)
@chewacow Twitter (Dec 31)
@mrbarone2000 Twitter (Dec 31)
@forevertawl Twitter (Dec 31)
@aabdulwasiu_ Twitter (Dec 31)
MyWebacy - "TIME MAGAZINE HACKED Always DYOR" - Twitter/X (Dec 31)
@jablesdotcom Twitter (Dec 31)
@TeddyRoosevalt Twitter (Dec 31)
Jollysig - "I am not even surprised what I'm going to see popping up on my signals anymore. I'm just aping and scalping for the lolz and profits. In with 1 out with 10. Thanks for the fond memories." - Twitter/X (Dec 31)
@Nestorius80 Twitter (Dec 31)
@a_mundz Twitter (Dec 31)
@WenYeti Twitter (Dec 31)
@IChooseToBe_1 Twitter (Dec 31)
@0x1sol Twitter (Dec 31)
@WallHWhite Twitter (Dec 31)
@IronG495997 Twitter (Dec 31)
@DeganThrills Twitter (Dec 31)
@twinofman Twitter (Dec 31)
@therealmogul Twitter (Dec 31)
@cryptohiro3 Twitter (Dec 31)
@ImWithRetardio Twitter (Dec 31)
@BrockMcBreadcat Twitter (Dec 31)
@blazingavocado4 Twitter (Dec 31)
Niggalander - "Nice bro" - Twitter/X (Dec 31)
@noname2bfree Twitter (Dec 31)
@FredHarter Twitter (Dec 31)
HeroXCommunity - "$TRUMP coin was the end of the meme cycle. Anything that's left at this point is #PvP cabal trench warfare. I'm not knocking it. I'm just out living life instead. Smart money rotating into #DeFi and utility, not $TIME." - Twitter/X (Dec 31)
Ozzy Livin - "I think one of the interns at TIME magazine launched a meme coin $TIME... the posts have been deleted $6.7 Million rugged" - Twitter/X (Dec 31)
Ozzy Livin - "$TIME coin saw $6.7 Million flows in ~30 minutes" - Twitter/X (Dec 31)
Ozzy Livin - Original post by @TIME" - Twitter/X (Dec 31)
@johnsavage_eth Twitter (Dec 31)
@0xJeffrey_Xie Twitter (Dec 31)
@yusoffkim Twitter (Dec 31)
@augrinacian Twitter (Dec 31)
@rachelwilkinsb Twitter (Dec 31)
@CrypttoReBeL Twitter (Dec 31)
@kiruti Twitter (Dec 31)
@Jack__Mango Twitter (Dec 31)
@0xRickyW Twitter (Dec 31)
@MerruX Twitter (Dec 31)
@Jay2Goat_ Twitter (Dec 31)
@timiokoya Twitter (Dec 31)
@btcbarkeep Twitter (Dec 31)
@kara_mesaj Twitter (Dec 31)
@MRBullMktEver Twitter (Dec 31)
@CryptoEmreSol Twitter (Dec 31)
Imran - "This is what @realDonaldTrump cause in crypto by launch memecoin, no organisation feel responsible for launch memecoin and rugging it. Pump to $14m and rug in the next 10min. We will all move, the do OTC and repeat. Lol we will be fine th...ter/X (Dec 31)
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