Time Magazine TIME Token Rug Pull Via Official Twitter/X

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Time Magazine

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.[1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51][52][53][54][55][56][57][58][59][60][61][62][63][64][65][66][67][68][69][70][71][72][73][74][75][76][77][78][79][80][81][82][83][84][85][86][87][88][89][90][91][92][93][94][95][96][97][98][99][100][101][102][103][104][105][106][107][108][109][110][111]

About Time Magazine

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.

About $TIME Token

"Introducing $TIME on Solana. For over a century, TIME Magazine has documented history. How, er's embracing the future with $TIME, a digital asset built on Solana to enhance engagement, access, and community participation. The future of media starts now. Own a piece of $TIME."

"Reminder: $TIME is a memecoin with no intrinsic value. This is not financial advice-just a milestone in the evolution of cryptocurrency. The future is now. The moment is yours. It's time for $TIME."

"No, we are not hacked. Yes, $TIME is real. The future of media meats blockchain - right on TIME."

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

  • When the service was actually started (if different than the "official story").
  • Who actually ran a service and their own personal history.
  • How the service was structured behind the scenes. (For example, there was no "trading bot".)
  • Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Time Magazine TIME Token Rug Pull Via Official Twitter/X
Date Event Description
January 30th, 2025 11:33:00 AM MST Time Magazine News Post Time Magazine shares a news story about "a regional American Airlines flight collid[ing] with an Army helicopter in midair on Wednesday night when it was about to land at the Ronald Reagan Washington National Airport". This was a legitimate news story posted by Time Magazine.
January 30th, 2025 12:15:14 PM MST First Mint Of TIME Token The first mint of the $TIME token happens on Solana. This is estimated to be the time of the post, which has subsequently been deleted.
January 30th, 2025 12:27:00 PM MST Disclaimer Added To Tweet The Time Magazine account adds what appears to be a disclaimer. "Reminder: $TIME is a memecoin with no intrinsic value. This is not financial advice - just a milestone in the evolution of cryptocurrency. The future is now. The moment is yours. It's time for $TIME."
January 30th, 2025 12:35:00 PM MST First Mention On Twitter Keith Grossman is the first person to warn on Twitter, immediately commenting "THIS IS A HACK. DO NOT BUY."
January 30th, 2025 12:37:00 PM MST Denial Of Account Hack Claim The Time Magazine account appears to officially deny that it has been hacked. The Time Magazine official account posts an update that "No, we are not hacked. Yes, $TIME is real. The future of media meats blockchain - right on TIME." with a graphic of a Time Magazine article with "Caution! Conspiracy Theories Ahead".
January 30th, 2025 12:48:00 PM MST Reports Of $12m Rug Pull Twitter user 0xfokko reports that $12m has been lost in a rug pull from a hacked account.
January 30th, 2025 1:19:00 PM MST Reports of $6.7m Rug Pull Twitter user ozzy_livin reports that $6.7m was lost in the rug pull.

Technical Details

Gn4Jb8kg8UpnyEjgbUDktSiW8QGu8yn62JbWs911pump Gn4Jb8kg8UpnyEjgbUDktSiW8QGu8yn62JbWs911pump

Timestamps: (relative to one of the captures) 37m - Another disclaimer, account not hacked. 47m - First disclaimer posted. 59m - Original tweet

Total Amount Lost

Twitter account 0xfokko estimated losses at $12m USD.

The total amount lost is unknown.

Immediate Reactions

"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."

Ultimate Outcome

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.

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

Several users discussed legal action against Time Magazine. Others have been performing blockchain analysis to help hunt down the culprit.

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.

References

  1. ↑ Time Magazine Official X Account Suspected of Being Hacked, Posts $TIME Token - ODaily News (Accessed Mar 17, 2025)
  2. ↑ 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 (Accessed Mar 17, 2025)
  3. ↑ 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 (Accessed Mar 17, 2025)
  4. ↑ BankTraderWin - "Once upon a $Time" - Twitter/X (Accessed Mar 17, 2025)
  5. ↑ unissn7 - "@FBI shame on u" - Twitter/X (Accessed Mar 17, 2025)
  6. ↑ DataC58218 - "$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 (Accessed Mar 17, 2025)
  7. ↑ Time Token Address - Solscan (Accessed Mar 17, 2025)
  8. ↑ Time Token Minting Transaction - Solscan (Accessed Mar 17, 2025)
  9. ↑ @IzzyOfWeb3 Twitter (Accessed Mar 17, 2025)
  10. ↑ @ButtonIIsaac Twitter (Accessed Mar 17, 2025)
  11. ↑ https://tgstat.ru/en/channel/@pishchulov/793 (Accessed Mar 17, 2025)
  12. ↑ Ruth K on Substack: "$wow." (Accessed Mar 17, 2025)
  13. ↑ @JDHR68 Twitter (Accessed Mar 17, 2025)
  14. ↑ @kurz90 Twitter (Accessed Mar 17, 2025)
  15. ↑ @maxi_90909 Twitter (Accessed Mar 17, 2025)
  16. ↑ @memeneedfight Twitter (Accessed Mar 17, 2025)
  17. ↑ @DexOnTheBlock Twitter (Accessed Mar 17, 2025)
  18. ↑ @shitXcoins Twitter (Accessed Mar 17, 2025)
  19. ↑ @SkyWalker64007 Twitter (Accessed Mar 17, 2025)
  20. ↑ @dongfeng9052 Twitter (Accessed Mar 17, 2025)
  21. ↑ @zeoracleee Twitter (Accessed Mar 17, 2025)
  22. ↑ @DigitalGrift Twitter (Accessed Mar 17, 2025)
  23. ↑ 0xfokko - "BREAKING: Time magazine HACK! 12 mil USD rugged!" - Twitter/X (Accessed Mar 17, 2025)
  24. ↑ @solximane Twitter (Accessed Mar 17, 2025)
  25. ↑ 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 (Accessed Mar 17, 2025)
  26. ↑ Keith Grossman - "THIS IS A HACK. DO NOT BUY." - Twitter/X (Accessed Mar 17, 2025)
  27. ↑ rickyrock445 - "And people are still buying" - Twitter/X (Accessed Mar 17, 2025)
  28. ↑ @tolvanhe Twitter (Accessed Mar 17, 2025)
  29. ↑ @therances Twitter (Accessed Mar 17, 2025)
  30. ↑ @pepesfwen Twitter (Accessed Mar 17, 2025)
  31. ↑ @73Chadillac Twitter (Accessed Mar 17, 2025)
  32. ↑ @BrandApologies Twitter (Accessed Mar 17, 2025)
  33. ↑ @jottybtc Twitter (Accessed Mar 17, 2025)
  34. ↑ @mentorondabeat Twitter (Accessed Mar 17, 2025)
  35. ↑ @ItsCoco07 Twitter (Accessed Mar 17, 2025)
  36. ↑ @ggh0st1 Twitter (Accessed Mar 17, 2025)
  37. ↑ @ThatDesiGirl Twitter (Accessed Mar 17, 2025)
  38. ↑ @musthakkb Twitter (Accessed Mar 17, 2025)
  39. ↑ @NXian9851 Twitter (Accessed Mar 17, 2025)
  40. ↑ @XtoXSolo Twitter (Accessed Mar 17, 2025)
  41. ↑ @_PelicanBay_ Twitter (Accessed Mar 17, 2025)
  42. ↑ @ThePEPEBull Twitter (Accessed Mar 17, 2025)
  43. ↑ @cookiminati Twitter (Accessed Mar 17, 2025)
  44. ↑ @rachelwilkinsb Twitter (Accessed Mar 17, 2025)
  45. ↑ @itslocoguy Twitter (Accessed Mar 17, 2025)
  46. ↑ @cjonesplay Twitter (Accessed Mar 17, 2025)
  47. ↑ @kiranhussain921 Twitter (Accessed Mar 17, 2025)
  48. ↑ @VeryPoorDegen Twitter (Accessed Mar 17, 2025)
  49. ↑ @drsinanasa Twitter (Accessed Mar 17, 2025)
  50. ↑ @lverria Twitter (Accessed Mar 17, 2025)
  51. ↑ @DopeItsSolo Twitter (Accessed Mar 17, 2025)
  52. ↑ @0xfokko Twitter (Accessed Mar 17, 2025)
  53. ↑ @0xiluminado Twitter (Accessed Mar 17, 2025)
  54. ↑ @Rex_testudo Twitter (Accessed Mar 17, 2025)
  55. ↑ @dalteco Twitter (Accessed Mar 17, 2025)
  56. ↑ @aitche_ Twitter (Accessed Mar 17, 2025)
  57. ↑ @SatoadshiLite Twitter (Accessed Mar 17, 2025)
  58. ↑ @EarthyOuds Twitter (Accessed Mar 17, 2025)
  59. ↑ @tykitaly Twitter (Accessed Mar 17, 2025)
  60. ↑ @FreeSeers Twitter (Accessed Mar 17, 2025)
  61. ↑ @k0nquistad0r Twitter (Accessed Mar 17, 2025)
  62. ↑ @Saebomaxi Twitter (Accessed Mar 17, 2025)
  63. ↑ @kingmel_eth Twitter (Accessed Mar 17, 2025)
  64. ↑ jakrypto70509 - "Hacked account meta is crazy. There’s gonna be a drop in marketing interns next year" - Twitter/X (Accessed Mar 17, 2025)
  65. ↑ @chromedposeidon Twitter (Accessed Mar 17, 2025)
  66. ↑ @chewacow Twitter (Accessed Mar 17, 2025)
  67. ↑ @mrbarone2000 Twitter (Accessed Mar 17, 2025)
  68. ↑ @forevertawl Twitter (Accessed Mar 17, 2025)
  69. ↑ @aabdulwasiu_ Twitter (Accessed Mar 17, 2025)
  70. ↑ MyWebacy - "TIME MAGAZINE HACKED Always DYOR" - Twitter/X (Accessed Mar 17, 2025)
  71. ↑ @jablesdotcom Twitter (Accessed Mar 17, 2025)
  72. ↑ @TeddyRoosevalt Twitter (Accessed Mar 17, 2025)
  73. ↑ 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 (Accessed Mar 17, 2025)
  74. ↑ @Nestorius80 Twitter (Accessed Mar 17, 2025)
  75. ↑ @a_mundz Twitter (Accessed Mar 17, 2025)
  76. ↑ @WenYeti Twitter (Accessed Mar 17, 2025)
  77. ↑ @IChooseToBe_1 Twitter (Accessed Mar 17, 2025)
  78. ↑ @0x1sol Twitter (Accessed Mar 17, 2025)
  79. ↑ @WallHWhite Twitter (Accessed Mar 17, 2025)
  80. ↑ @IronG495997 Twitter (Accessed Mar 17, 2025)
  81. ↑ @DeganThrills Twitter (Accessed Mar 17, 2025)
  82. ↑ @twinofman Twitter (Accessed Mar 17, 2025)
  83. ↑ @therealmogul Twitter (Accessed Mar 17, 2025)
  84. ↑ @cryptohiro3 Twitter (Accessed Mar 17, 2025)
  85. ↑ @ImWithRetardio Twitter (Accessed Mar 17, 2025)
  86. ↑ @BrockMcBreadcat Twitter (Accessed Mar 17, 2025)
  87. ↑ @blazingavocado4 Twitter (Accessed Mar 17, 2025)
  88. ↑ Niggalander - "Nice bro" - Twitter/X (Accessed Mar 17, 2025)
  89. ↑ @noname2bfree Twitter (Accessed Mar 17, 2025)
  90. ↑ @FredHarter Twitter (Accessed Mar 17, 2025)
  91. ↑ 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 (Accessed Mar 17, 2025)
  92. ↑ Ozzy Livin - "I think one of the interns at TIME magazine launched a meme coin $TIME... the posts have been deleted $6.7 Million rugged" - Twitter/X (Accessed Mar 17, 2025)
  93. ↑ Ozzy Livin - "$TIME coin saw $6.7 Million flows in ~30 minutes" - Twitter/X (Accessed Mar 17, 2025)
  94. ↑ Ozzy Livin - Original post by @TIME" - Twitter/X (Accessed Mar 17, 2025)
  95. ↑ @johnsavage_eth Twitter (Accessed Mar 17, 2025)
  96. ↑ @0xJeffrey_Xie Twitter (Accessed Mar 17, 2025)
  97. ↑ @yusoffkim Twitter (Accessed Mar 17, 2025)
  98. ↑ @augrinacian Twitter (Accessed Mar 17, 2025)
  99. ↑ @rachelwilkinsb Twitter (Accessed Mar 17, 2025)
  100. ↑ @CrypttoReBeL Twitter (Accessed Mar 17, 2025)
  101. ↑ @kiruti Twitter (Accessed Mar 17, 2025)
  102. ↑ @Jack__Mango Twitter (Accessed Mar 17, 2025)
  103. ↑ @0xRickyW Twitter (Accessed Mar 17, 2025)
  104. ↑ @MerruX Twitter (Accessed Mar 17, 2025)
  105. ↑ @Jay2Goat_ Twitter (Accessed Mar 17, 2025)
  106. ↑ @timiokoya Twitter (Accessed Mar 17, 2025)
  107. ↑ @btcbarkeep Twitter (Accessed Mar 17, 2025)
  108. ↑ @kara_mesaj Twitter (Accessed Mar 17, 2025)
  109. ↑ @MRBullMktEver Twitter (Accessed Mar 17, 2025)
  110. ↑ @CryptoEmreSol Twitter (Accessed Mar 17, 2025)
  111. ↑ 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 (Accessed Mar 17, 2025)
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