In recent days, the X (formerly Twitter) accounts of several crypto and venture capital projects have been hacked to promote fraudulent schemes, reports The Block.
Among the compromised profiles was Litecoin’s page, boasting 1.1 million followers. Attackers used it to advertise a fake meme token. The team has since regained control and apologized for the incident.
Litecoin's X account was briefly compromised today and posts that were not authorized were published. These were live 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 live for only a few seconds. We’re still investigating, but immediately located the compromised account and removed it,” they said.
Foresight Ventures, which has 28,000 followers on X, also fell victim to a similar token announcement scam.
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
In addition, hackers used the account of LayerZero Labs CTO Ryan Zarick to promote a fake airdrop.
The campaign likewise targeted Holoworld AI, which has more than 150,000 followers.
Our X account has been fully restored after yesterday's security incident.
— Holoworld AI (@HoloworldAI) January 10, 2025
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…
According to comments under these posts, some users fell victim to the fake announcements. The total amount of funds lost remains unknown.
Context
- At the end of 2024, on-chain detective ZachXBT reported on a hacker targeting X accounts who had made $500,000 from crypto scams.
- PeckShield data indicates that malicious activities caused more than $3.01 billion in losses to the crypto industry in 2024.
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