Solana Co-Founder Caught in Migos Instagram Hack—Blackmail Threats Follow

High-profile crypto figures aren’t immune to social media chaos. Solana’s co-founder just got dragged into the Migos Instagram hack—with personal data leaked and blackmail threats swirling.

Security meets spectacle: When a hip-hop group’s hacked account becomes the vector for targeting blockchain elites, it’s a reminder that crypto’s ’wild west’ reputation isn’t just about price volatility.

Bonus jab: At least the hackers didn’t demand payment in SOL—given its history of network outages, even extortionists prefer stablecoins.

Hike in crypto hacks in 2025

Reacting to the incident, renowned Web3 researcher ZachXBT stated that Gokal’s accounts may have been a target of social engineering by cyber criminals. 

“Think Raj’s personal accounts got social engineered, and they tried to extort him for funds with the PII obtained. Guess he didn’t pay, so they started trolling and posted it after they compromised Migos Instagram account today.”

About a week ago, Gokal warned his X followers that attackers tried to get hold of his personal accounts, including email and social media. 

Interestingly, this happened after the Coinbase exchange confirmed a breach that compromised users’ data on 15 May. In fact, some X users claimed that Gokal’s sensitive data may have been from the hack. 

Although the co-founder didn’t disclose whether he had lost funds after the breach, overall crypto losses linked to hacks have soared in 2025. 

For example – According to the PeckShield security report, Q1 2025 saw over 60 hacks, leading to $1.63 billion losses – Majorly dominated by the Bybit hack. 

“Q1 2025 witnessed 60+ crypto hacks, resulting in total losses of $1.63B, a YoY increase of 131% compared to $706M in Q1 2024.”

Source: PeckShield/X

In Q2, Sui-based Cetus Protocol saw the loss of $223 million. For the Coinbase breach, the reported compensation claims may exceed $400 million, underscoring that DeFi and centralized platforms have been key targets for hackers.

This calls for greater awareness and caution when engaging with links from unknown sources or people claiming to be support staff from Coinbase or any other crypto platform.