- MicroStrategy’s official Twitter account, now known as X, was compromised and used to promote a fake airdrop of an Ethereum-based MSTR token.
- Blockchain security firm PeckShield warned users about the phishing link in the malicious post, redirecting to a copycat website of MicroStrategy.
- The incident resulted in the theft of approximately $440,000 from users who clicked on the post.
MicroStrategy, a leading company in the blockchain and cryptocurrency space, faced a significant security breach when its official Twitter account, now referred to as X, was hacked. The attackers used the compromised account to promote a fake airdrop of an Ethereum-based MSTR token, exploiting the trust of the account’s followers.
Phishing Scam Unveiled
Upon discovering the fraudulent post, blockchain security firm PeckShield promptly alerted users about the phishing link embedded within it. The link directed unsuspecting individuals to a counterfeit website resembling MicroStrategy’s platform. Despite the swift removal of the malicious post, the attackers managed to siphon approximately $440,000 from users who interacted with it, highlighting the sophistication of modern cyber threats.
Rising Concerns in the Crypto Community
The incident underscores the growing concern surrounding social media account compromises in the cryptocurrency sphere. Malicious actors frequently target high-profile accounts to execute phishing scams, leveraging the credibility of reputable entities like MicroStrategy to deceive users. Such attacks not only jeopardize the security of individual investors but also tarnish the reputation of legitimate projects within the crypto ecosystem.