“Over the past few days, the X-accounts of a number of cryptocurrency and venture capital projects have been hacked to promote fraudulent schemes. This is reported by The Block. A Litecoin page with 1.1 million followers was among the compromised. It was used to advertise a fake meme token. The team regained control of the account and apologized for the incident. Litecoin’s X account was briefly compromised today and posts that were not authorized were published. […]”, — write: businessua.com.ua
Over the past few days, the X-accounts of a number of cryptocurrency and venture capital projects have been hacked to promote fraudulent schemes. This is reported by The Block.
Among the Litecoin page with 1.1 million followers was compromised. It was used to advertise a fake meme token. The team regained control of the account and apologized for the incident.
Litecoin’s X account was briefly compromised today and posts that were not authorized were published. These were alive only for a matter of seconds before being deleted. We’re still investigating the issue, but immediately found a delegated account that was compromised and removed…
— Litecoin (@litecoin) January 11, 2025
“The unauthorized posts were only active for a few seconds. We are still investigating the issue, but immediately identified the compromised account and removed it,” they wrote.
Foresight Ventures, a fund with 28,000 followers at X, was also affected by the token announcement hack.
We regret to inform you that Foresight Ventures’ account has been compromised by hackers in the past 12 hours. Please DO NOT engage with any posts promoting tokens or click on any links shared during this period. Stay vigilant, and we are actively working to resolve the issue.
— Min (@0xmin3) January 12, 2025
The attackers announced the airdrop through the account of LayerZero Labs CTO Ryan Zarik.
Screenshot of the fraudulent post. Source: The Block.
The fraudulent campaign also affected the Holoworld AI project with more than 150,000 subscribers.
Our X account has been fully restored after yesterday’s security incident.
Through rapid action by our team and invaluable support from @brainchainLLC, we successfully identified and halted the sophisticated phishing attacks targeting our socials.
The phishing links and tweets…
— Holoworld AI (@HoloworldAI) January 10, 2025
Judging by the comments in the thread, some users were affected by fake announcements. The amount of damage is unknown.
It will be recalled that at the end of 2024, on-chain detective ZachXBT reported on the hacker of X-accounts, who earned $500,000 from a crypto scam.
According to PeckShield, for the year 2024, the cumulative losses from the actions of criminals in the crypto industry exceeded $3.01 billion.
The source