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    Hackers used MicroStrategy social media to stage $440,000 phishing heist

    danygeemarketingBy danygeemarketingFebruary 26, 2024No Comments2 Mins Read

    MicroStrategy’s official X (previously Twitter) account was hacked within the early hours of right this moment (February 26) and used to advertise a pretend airdrop of the Ethereum-based MSTR token.

    Blockchain safety agency PeckShield shortly warned that the offending put up contained a phishing hyperlink that redirected to a copycat web site of the Bitcoin holding firm.

    The malicious put up has been deleted, however MicroStrategy has not commented on the incident as of press time.

    MicroStrategy is the most important company holder of Bitcoin, with its holdings not too long ago crossing the $10 billion mark. Saylortracker knowledge exhibits that the corporate’s 190,000 BTC are presently value US$9.7 billion, with an unrealized revenue of US$3.7 billion.

    $440,000 stolen

    On-Chain Detective ZachXBT disclose The attackers stole roughly $440,000 from customers who unknowingly clicked on the put up.

    Rip-off Sniffer, a Web3 anti-scam platform, report Many of the funds had been possible stolen from one sufferer. In keeping with the corporate, the sufferer appeared to “signal a Uniswap Permit2 license batch signature, which offered the attacker with a number of token approvals.”A number of the stolen property embrace comparatively unknown tokens akin to Bai, wPOKand CHEX.

    Etherscan knowledge exhibits that the attacker has begun transferring the stolen funds, and as of press time, 62.97 Ethereum, equal to $195,000, was left within the attacker’s handle.

    Phishing assaults prevalent in cryptocurrency area

    Phishing scams are probably the most standard methods for malicious actors to steal funds from unsuspecting cryptocurrency customers.

    Cryptocurrency scammers usually lure their targets by compromising the social media accounts of high-profile tasks. They promise to conduct pretend airdrops by way of phishing hyperlinks, tricking unsuspecting people into permitting them to acquire funds. Consequently, victims unknowingly permit attackers to empty their funds by clicking on these hyperlinks.

    Rip-off Sniffer revealed that assaults of this nature induced greater than 320,000 cryptocurrency customers to lose almost $300 million in 2023.



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