Hackers gained access to the Saudi Law Conference’s social media account on X, misusing it to impersonate Crown Prince Mohammed bin Salman and promote fake cryptocurrencies, including an ‘Official Saudi Arabia Memecoin’ and a ‘FALCON Memecoin’. These posts, now deleted, featured the crown prince’s image and aimed to mislead users into engaging with fraudulent tokens.

The Saudi Law Conference acknowledged the breach of its account and stated that its team is working to regain control, urging users not to interact with any suspicious content during this time.

“It should be obvious. but in case it’s not: the SaudiLawConf twitter has been hacked and repurposed, as confirmed on their insta. there is no official saudi coin.” — barry (@badlydrawnbarry) February 17, 2025

The conference, which is a significant legal event in Saudi Arabia, confirmed on LinkedIn that its official account was compromised and emphasized that any published content does not reflect their official views.

The incident highlights ongoing scrutiny surrounding issues with cryptocurrencies, including a recent controversy with Argentine President Javier Milei, who faced backlash over a promoted memecoin that was subsequently removed.