Close Menu
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
X (Twitter) Telegram
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » South African Parliament’s Social Media Hacked to Promote $Ramaphosa Crypto Scam
Crypto

South African Parliament’s Social Media Hacked to Promote $Ramaphosa Crypto Scam

Karly MarieBy Karly MarieMarch 17, 2025Updated:April 28, 20254 Mins Read
Twitter Telegram Copy Link Pinterest LinkedIn Facebook Reddit
Share
Twitter Telegram Facebook Pinterest Copy Link

In a coordinated cyberattack on March 15, 2025, hackers compromised South African Parliament’s official X, Facebook, and YouTube accounts to promote a fraudulent cryptocurrency token called $Ramaphosa. The scam leveraged Parliament’s credibility to lure unsuspecting investors into purchasing the token, which was created just hours before the breach.

A Pre-Planned Crypto Scam? What Blockchain Analysis Reveals

Blockchain forensics indicate that the scam was a premeditated financial fraud operation, with the token’s creator wallet actively funneling funds through crypto gambling sites.

Parliament spokesperson Moloto Mothapo confirmed the breach, stating:

“Parliament has identified a security breach affecting one of its 25 YouTube streaming services (channels), which is integrated with official social media accounts. This breach resulted in the unauthorized upload of content not aligned with the work of the Institution.”

The fraudulent posts featured a graphic advertising a presale for the $Ramaphosa token, including hashtags related to Solana, cryptocurrency, and South Africa. A shortened link embedded within the image directed users to Pump.fun, a controversial platform that allows instant token creation with minimal oversight.

Pump.fun has been widely criticized for hosting memecoins often linked to rug-pull and pump-and-dump scams, making it a breeding ground for crypto fraud.

Tracking the $Ramaphosa Token and Its Creator

A deep dive into on-chain data from Solscan, Birdeye, and GeckoTerminal revealed that the $Ramaphosa token was minted less than 24 hours before the Parliament hack.

Key findings include:

  • The token’s creator wallet (73V5WCNqQRuLj2V1ryH1zNrxgthGu7HrGPDViTn1GpxK) was linked to Pump.fun, confirming it was launched using its smart contract system.
  • The same wallet was connected to @GouvofRSA, a fraudulent X account that posed as “the official crypto feed of Parliament of the Republic of South Africa.”
  • This wallet was also used to create another fraudulent token called RSATOKEN.

Blockchain expert Wiehann Olivier, Head of FinTech and Digital Assets at Forvis Mazars South Africa, confirmed that blockchain’s transparency made it possible to trace these fraudulent activities:

“Blockchain’s immutability allows every transaction to be tracked. However, pseudo-anonymity remains a challenge in identifying the individuals behind the fraud.”

How the Crypto Scam Unfolded

The wallet’s transaction history suggests a deliberate scam strategy:

  • The first transactions occurred just hours before the Parliament hack, aligning with the breach’s timeframe.
  • Shortly after the hack, the wallet transferred 0.8299 SOL (~$110)—a move consistent with crypto scams that extract liquidity before vanishing.
  • The wallet also interacted with [email protected], a Solana-based crypto gambling site, a common method used to launder stolen funds and obscure financial trails.

Further analysis indicates that the same wallet has been involved in multiple other fraudulent token launches, suggesting a broader network of crypto scams operating under similar tactics.

High-Risk Indicators: Red Flags Around the $Ramaphosa Token

Blockchain security analysis flagged multiple red flags around the $Ramaphosa token, including:

  • Top 10 wallets controlling 100% of the supply, indicating centralized control and a high likelihood of a rug pull.
  • Not listed on Jupiter’s Strict List, meaning it lacks credibility within Solana’s ecosystem.
  • Low market cap ($3,722) and liquidity ($3,780), making it vulnerable to extreme price manipulation.
  • A rapid price spike followed by a crash, a common pattern in pump-and-dump schemes.
  • Liquidity removed from Raydium DEX shortly after trading began, another hallmark of a deliberate exit scam.

The Link Between the Hack and the Fraud

The near-simultaneous creation of the $Ramaphosa token and the Parliament social media breach strongly suggests a well-coordinated financial fraud operation. Hackers likely exploited Parliament’s credibility to gain public trust, using the breach as a way to enhance the legitimacy of their fraudulent token before cashing out.

This aligns with previous high-profile crypto scams, where attackers hack social media accounts of government institutions, celebrities, or brands to push fake investment opportunities.

Security Lapses and Government Response

Parliament has since committed to enhancing cybersecurity measures to prevent similar breaches in the future. The attack likely stemmed from poor account security, such as weak passwords or a lack of two-factor authentication.

Given the increasing sophistication of cyberattacks in the financial sector, government institutions must strengthen their cybersecurity infrastructure to protect against such frauds.

Crypto Scams on the Rise: Public Awareness Is Key

This scam highlights the growing trend of fraudsters leveraging political figures and institutions to create a false sense of legitimacy. Similar scams have surged globally, particularly as public figures like Elon Musk, Donald Trump, and major institutions express interest in cryptocurrency.

The South African government must take proactive steps to strengthen security, educate the public, and crack down on fraudulent crypto operations. Investors, in turn, must remain cautious and verify sources before engaging with crypto-related financial opportunities.

As investigations continue, understanding how Parliament’s security was compromised will be critical in preventing future cyber fraud incidents.

$Ramaphosa blockchain security crypto scam cryptocurrency fraud Cyber Attack Pump.fun Solana scam South African Parliament
Share. Telegram Twitter LinkedIn Pinterest Facebook Reddit Copy Link
Karly Marie
Karly Marie

Related Posts

Ethereum Price Drop Triggers Biggest ETF Outflow Yet

June 25, 2025

CoinMarketCap Security Breach Triggers Wallet Scam Alert

June 25, 2025

Nakamoto Bitcoin Treasury Expansion Hits Record $51.5M

June 25, 2025

Bloomberg Altcoin ETF Approvals Soar To 90% Odds

June 25, 2025
Trending Posts

India’s IPO Market Sees Sharp Decline

May 10, 2025

Ethereum Pectra Upgrade: Volatility Alert

May 13, 2025

Ethereum’s Constantinople Upgrade Successfully Activates at Block 7,280,000

March 2, 2019

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
NEWSLETTER

Subscribe to Updates

Get the latest crypto news and updates direct to your inbox - we don't spam

X (Twitter) Telegram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,164.71
ethereum
Ethereum (ETH) $ 2,420.77
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.18
bnb
BNB (BNB) $ 645.44
solana
Solana (SOL) $ 143.10
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.273562
dogecoin
Dogecoin (DOGE) $ 0.161796
staked-ether
Lido Staked Ether (STETH) $ 2,419.71
cardano
Cardano (ADA) $ 0.559932
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 107,121.70
hyperliquid
Hyperliquid (HYPE) $ 36.71
bitcoin-cash
Bitcoin Cash (BCH) $ 501.65
wrapped-steth
Wrapped stETH (WSTETH) $ 2,917.45
sui
Sui (SUI) $ 2.69
chainlink
Chainlink (LINK) $ 13.12
leo-token
LEO Token (LEO) $ 9.06
avalanche-2
Avalanche (AVAX) $ 17.61
stellar
Stellar (XLM) $ 0.237912
usds
USDS (USDS) $ 0.999932
the-open-network
Toncoin (TON) $ 2.85
shiba-inu
Shiba Inu (SHIB) $ 0.000011
whitebit
WhiteBIT Coin (WBT) $ 46.33
weth
WETH (WETH) $ 2,420.11
litecoin
Litecoin (LTC) $ 85.19
wrapped-eeth
Wrapped eETH (WEETH) $ 2,591.36
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hedera-hashgraph
Hedera (HBAR) $ 0.146165
monero
Monero (XMR) $ 307.82
bitget-token
Bitget Token (BGB) $ 4.69
ethena-usde
Ethena USDe (USDE) $ 1.00
polkadot
Polkadot (DOT) $ 3.37
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 107,165.71
pi-network
Pi Network (PI) $ 0.561008
uniswap
Uniswap (UNI) $ 6.89
aave
Aave (AAVE) $ 257.15
pepe
Pepe (PEPE) $ 0.000009
dai
Dai (DAI) $ 1.00
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
aptos
Aptos (APT) $ 4.87
okb
OKB (OKB) $ 50.29
bittensor
Bittensor (TAO) $ 324.16
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
near
NEAR Protocol (NEAR) $ 2.11
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 173.45
internet-computer
Internet Computer (ICP) $ 4.76
crypto-com-chain
Cronos (CRO) $ 0.080722
ethereum-classic
Ethereum Classic (ETC) $ 16.16
susds
sUSDS (SUSDS) $ 1.06
ondo-finance
Ondo (ONDO) $ 0.747337
tokenize-xchange
Tokenize Xchange (TKX) $ 27.68
usd1-wlfi
USD1 (USD1) $ 0.9997
mantle
Mantle (MNT) $ 0.595921
kaspa
Kaspa (KAS) $ 0.074425
gatechain-token
Gate (GT) $ 15.65
fasttoken
Fasttoken (FTN) $ 4.41
official-trump
Official Trump (TRUMP) $ 9.02
cosmos
Cosmos Hub (ATOM) $ 3.94
vechain
VeChain (VET) $ 0.020538
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.67021
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 107,244.73
sky
Sky (SKY) $ 0.078738
render-token
Render (RENDER) $ 3.18
sei-network
Sei (SEI) $ 0.293102
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.175011
ethena
Ethena (ENA) $ 0.253535
quant-network
Quant (QNT) $ 104.37
arbitrum
Arbitrum (ARB) $ 0.304071
algorand
Algorand (ALGO) $ 0.174932
filecoin
Filecoin (FIL) $ 2.20
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.37
first-digital-usd
First Digital USD (FDUSD) $ 0.998072
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,420.15
usdtb
USDtb (USDTB) $ 1.00
worldcoin-wld
Worldcoin (WLD) $ 0.875066
kucoin-shares
KuCoin (KCS) $ 11.11
binance-staked-sol
Binance Staked SOL (BNSOL) $ 151.57
usdt0
USDT0 (USDT0) $ 1.00
jupiter-exchange-solana
Jupiter (JUP) $ 0.409961
nexo
NEXO (NEXO) $ 1.20
flare-networks
Flare (FLR) $ 0.017107
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,756.30
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,534.70
spx6900
SPX6900 (SPX) $ 1.18
bonk
Bonk (BONK) $ 0.000013
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
injective-protocol
Injective (INJ) $ 10.56
kaia
Kaia (KAIA) $ 0.175432
fartcoin
Fartcoin (FARTCOIN) $ 1.03
blockstack
Stacks (STX) $ 0.65858
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
celestia
Celestia (TIA) $ 1.45
sonic-3
Sonic (S) $ 0.305411
paypal-usd
PayPal USD (PYUSD) $ 0.999764
xdce-crowd-sale
XDC Network (XDC) $ 0.059507
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.46
optimism
Optimism (OP) $ 0.536979
pax-gold
PAX Gold (PAXG) $ 3,298.01
solv-btc
Solv Protocol BTC (SOLVBTC) $ 106,883.64