By cryptoadmin On January 11, Litecoin’s official X social media account fell sufferer to a hacker allegedly selling a fraudulent Litecoin token launched on the Solana community.
The rip-off concerned a submit that learn, “LTC is now in Solana,”
The hacker wrote a now-deleted and grammatically incorrect submit that includes a contract tackle and a pump.enjoyable hyperlink to the rip-off token.
The Litecoin crew later introduced that that they had resolved the matter. They famous that they had been now in command of the account and mentioned the assault was as a result of a compromised delegated account that had since been deleted.
Hackers are more and more focusing on social media accounts to advertise faux tokens
Hacking social media accounts to advertise faux tasks or tokens is frequent amongst crypto-criminals. The Litecoin incident is the newest in a sequence of high-profile X account hacks focusing on organizations and people to advertise faux tokens and phishing schemes. These scams intention to steal funds and delicate person information, underscoring the necessity for heightened cybersecurity measures.
In October, Andy Ayrey, Reality Terminal’s founder’s X account, was attacked. The hacker used the entry to advertise a token known as “IB” and walked away with $600 million in internet revenue. Throughout the identical month, Restaking protocol, EigenLayer’s X account was hacked to advertise a faux airdrop marketing campaign.
The hacker posted a number of malicious hyperlinks from the account, promoting the “Season 2 Stakedrop,” which they falsely claimed was sourced from reallocated EIGEN tokens earlier than the EigenLayer crew regained management.
At the start of November, rapper Wiz Khalifa’s account was additionally compromised. The hacker took the chance to advertise a faux superstar memecoin known as ‘WIZ’ on the account. The menace actor linked the token with the musical artist.
Hackers goal Cardano Basis and Animoca Manufacturers
On December 8 Cardano Basis’s X account was additionally compromised, with attackers posting false details about an alleged SEC lawsuit and selling a fraudulent token (ADAsol). The rip-off falsely claimed that the muse would cease supporting its native cryptocurrency, ADA, as a result of a authorized situation with the SEC.
The faux token garnered roughly $500,000 in buying and selling quantity earlier than the rip-off was uncovered, inflicting the value of “ADAsol” to plummet by over 99%.
Yat Siu, co-founder of Web3 firm Animoca Manufacturers, additionally fell sufferer to an X account hack on December 26.
Just like the opposite circumstances, the scammer used the account to advertise a fraudulent token — a faux memecoin on the Solana community known as “Animoca Manufacturers,” which had no connection to the respected Web3 firm.