Crypto Phishing Flaws Exposed in Litecoin, Others X Account Hack
a wave Safety The vulnerability on X (formerly known as Twitter) targeted well-known crypto accounts.
The vulnerabilities allowed hackers to exploit the accounts to promote fake cryptocurrencies, highlighting growing security vulnerabilities in the crypto ecosystem.
Hackers Target Litecoin, Other Currencies in Cryptocurrency Phishing Scheme
On January 11, Litecoin revealed that an unauthorized individual had accessed its official X account. The attacker posted fraudulent content, including Solana Blockchain.
The unauthorized posts were quickly removed, but Litecoin confirmed that an investigation into the breach is ongoing.
“The Litecoin account Removed,” Litecoin Team point out.
Other cryptocurrency organizations have also been targeted. Hackers took over Vision Venture Capital Account Promoting a token called MingAI, which is described as an artificial intelligence-powered crypto assistant.
To increase credibility, the attackers provided links to token contracts, transaction trackers, and Telegram groups.
Aiccelerate, a decentralized investment platform, Faced with different types of disruption. Its account was temporarily frozen, rendering some posts inaccessible. The action poses further challenges for the organization to maintain its online presence.
While the financial impact on followers is unclear, these incidents reflect attackers using Phishing links and scam promotions Targeting cryptocurrency users. On-chain investigator ZachXBT According to reports, between November and December, a hacker broke into multiple X accounts and stole more than $500,000.
Additionally, research from blockchain security company Scam Sniffer shows that phishing attacks will surge to unprecedented levels in 2024. These attacks causing losses of more than $500 million, Affected more than 330,000 crypto wallet addresses.
According to the company, most incidents stem from fake accounts that direct unsuspecting users to malicious websites through deceptive comments and private messages.
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