Outside Source
The compromised social media account is merely the latest in a string of hacking incidents on X over the last several months.
News
Litecoin’s (LTC) X social media account was briefly hacked on Jan. 11 by a scammer promoting a fraudulent Litecoin token on the Solana network.
“LTC is now in Solana,” the hacker wrote in a now-deleted and grammatically incorrect post, which featured a contract address and a pump.fun link to the scam token.
In an update, the Litecoin team announced that it regained control of the account and said the hack was due to a compromised delegated account that has since been removed.
There has been a string of account hacks on X in recent months resulting in the promotion of fake tokens or phishing links designed to steal funds and sensitive data.
Source: Litecoin
Related: Hacker breaches 15 X accounts, nets $500K boosting bogus memecoins: ZachXBT
X account hacks on the rise
Restaking protocol EigenLayer’s X account was hacked on Oct. 18 to promote a fake airdrop campaign.
The hacker posted several malicious links from the account promoting the “Season 2 Stakedrop” — which the scammer claimed was sourced from reallocated EIGEN tokens — before the EigenLayer team regained control of the account.
On Nov. 3, rapper Wiz Khalifa’s account was compromised. The hacker used the account to advertise a fake celebrity memecoin called WIZ, claiming that the memecoin was associated with the musical artist.
The Cardano Foundation’s X account suffered a similar breach on Dec. 8, when a hacker took control of the social media page to promote a fake token called “ADAsol.”
During the incident, the threat actor falsely claimed that the Cardano Foundation would cease supporting its native asset, ADA (ADA), due to a lawsuit from the United States Securities and Exchange Commission (SEC).
The fake token generated approximately $500,000 in trading volume before the scam was exposed and the price of “ADAsol” plummeted by over 99%.
Yat Siu, co-founder of Web3 company Animoca Brands, was the victim of an X account hack on Dec. 26.
Like the other cases, the scammer used the account to advertise a fraudulent token — a fake memecoin on the Solana network called “Animoca Brands” that has no connection to the well-known Web3 company.
Magazine: Influencers shilling memecoin scams face severe legal consequences
This article first appeared at Cointelegraph.com News
