X Account Hack: Selling Fake Meme Coins and Crypto Scams
Date: 2025-01-13 Author: Henry Casey Categories: CRYPTO PAYMENTS
One of the victims of the attacks was the official Litecoin page, which has 1.1 million subscribers. The attackers used the account to distribute advertisements for a fake meme token. The Litecoin team quickly restored access to the account and apologized for the incident.
The messages published after the hack remained active for only a few seconds before they were deleted. In a statement, Litecoin said that an investigation is currently underway and that the compromised account through which the hack occurred has already been found. Despite the short-term impact, the incident has caused a wave of concern among subscribers.
In addition, the X account of Foresight Ventures with 28,000 subscribers was also attacked. The criminals used the account to promote fake tokens. The foundation warned its subscribers to refrain from interacting with suspicious posts and links distributed during this period. In the coming hours, the Foresight team was actively working to resolve the issue.
The account of Ryan Zarick, CTO of LayerZero Labs, was also hacked. A fake airdrop was announced on his account, which became part of a larger fraudulent scheme. According to a similar scenario, the attackers also attacked the Holoworld AI project, which has more than 150,000 subscribers. After the team's quick intervention, the project managed to regain control of the account and stop the phishing attacks.
The fraudulent actions did not go unnoticed - the affected users shared their experiences in the comments, but the exact scale of the damage remained unknown. It is important to note that in late 2024, the famous on-chain detective ZachXBT reported that a hacker who broke into X accounts made $500,000 from a crypto scam. According to PeckShield, the total losses of the crypto industry from such attacks in 2024 amounted to more than $3.01 billion.
This incident highlights the importance of ensuring security in the crypto environment, especially for popular projects with a large number of subscribers.
