MicroStrategy's X Account Was Hacked
The account of the largest Bitcoin holder MicroStrategy on X has been hacked. In the fake airdrop, users lost a total of $440,000.
A few hours ago, a prominent user on X, under the username Spreek, alerted other users of the social platform that the X account for MicroStrategy, the world's largest publicly traded Bitcoin holder, had been compromised. The company's subsequent tweet mentioned the launching of the MSTR token, which was completely backed by Bitcoin reserves.
there was a second best after all
— Spreek (@spreekaway) February 26, 2024
(hacked acc if not obvious lol) pic.twitter.com/cdLqbqiiCO
Immediately, users did not suspect the phishing scam, resulting in the theft of as much as $440,000 according to ZachXBT's estimations. Five minutes after publishing the fraudulent link, another company, ScamSniffer, reported that one victim had lost a considerable amount of funds. In total, $134,000 in wBAI, $122,000 in CHEX, and $45,000 in wPOKT had been stolen in this illegal exchange.
0xe7645b8672b28a17dd0d650a5bf89539c9aa28da
— ZachXBT (@zachxbt) February 26, 2024
~$440K stolen from the compromise so far
The MicroStrategy team promptly restored access to the affected account, but they have not yet commented on the situation. It remains unclear exactly how extensive the breach was. The hacker was able to launder a significant sum of funds through several exchange platforms, including KyberSwap, ParaSwap, and POKT Network.
X continues to be the most popular platform among the crypto community. In recent times, compromising of official accounts has become a common practice among hackers. Last month, an unknown individual gained access to the SEC's (Securities and Exchange Commission) account and posted a fraudulent message regarding the approval of the spot Bitcoin ETFs (Exchange Traded Fund). Also, this month, the account of the cryptocurrency project, Notcoin, was hacked, with the hackers posting a link to a fraudulent airdrop for the token.
