Wednesday, February 19, 2025
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Vital factors

  • Litecoin’s X account was hacked to advertise a faux Solana-based token with the identical LTC ticker.
  • Hackers are more and more utilizing focused phishing emails disguised as X-Staff communications to steal person credentials.

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Litecoin’s official X account seems to have been compromised earlier right now, in keeping with quite a few stories from members of the cryptocurrency group. Hackers took benefit of this to advertise fraudulent Solana-based tokens that share the identical LTC ticker as professional digital property.

The fraudulent publish contained a faux Litecoin token Solana contract handle, and the market cap of the fraudulent token briefly rose to $27,000 earlier than falling to $3,400. Per DEX screener. The tweet has since been deleted.

“Please watch out [about] All tweets from this account will likely be banned till the group confirms that we’ve got regained full entry to the account,” customers warned.

Litecoin confirmed in a current assertion that the account was hacked and that an investigation is ongoing. The group reported that it had found and eliminated delegated accounts that have been focused by the hackers.

This incident follows a sample of breaches of social media accounts concentrating on high-profile cryptocurrency initiatives and people. In December, the Cardano Basis’s X account suffered an identical assault and was used to unfold false details about a non-existent SEC lawsuit and promote fraudulent Solana-related tokens.

Blockchain researcher ZachXBT stories that between late November and December, a single attacker launched a meme assault by way of greater than 15 compromised X accounts, together with Kick, Cursor, Alex Blania, The Enviornment, and Brett. He reported accumulating roughly $500,000 by means of coin fraud.

Researchers additionally discovered a typical assault vector by which hackers ship phishing emails disguised as X-Staff communications about copyright infringement in an try and trick customers into visiting fraudulent websites to reset two-factor authentication and passwords. I’ve recognized it.

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