Kimchi Hacked? The QR Code Coin Alon Retweeted Ran to $15M and Rugged

Kimchi’s X account was allegedly hacked on October 22, 2026, two days after Pump.fun signed him. The compromised post showed an AI-generated street poster with a QR code that led to a new coin called Project Kimchi on Pump.fun. Alon, the Pump.fun co-founder, reposted it. The token hit a $15.2 million market cap within minutes, the post vanished after roughly 30 minutes, Alon un-retweeted, and the coin collapsed 98%. Here is what happened, what is verified, and why Kimchi is now scrubbing Pump.fun from his profile.