Animoca Brands Chairman’s X Hacked, Promoting Fake Token
According to reports, the X account of Animoca Brands co-founder and executive chairman Yat Siu was hacked for promoting a fake token called ANIMOCA.
Animoca Brands’ official X account confirmed the incident and urged investors to stop interacting with Xiao Yi’s account.
Fake ANIMOCA Token Surges 500% in Just 5 Minutes
according to a preliminary investigation According to news from Kenta, hackers successfully broke into Yat Siu’s official X account and released the news that Animoca Brands was launching a major token in its name. It appears that hackers created this token earlier on the Pump.fun platform.
The price of the fake ANIMOCA token surged 500% in just five minutes. However, the price fell back after the hacker deleted the post.
In addition, Xiao Yi also used a second account to announce and confirm the incident. he point out Attackers bypassed two-factor authentication (2FA) Safety And he has reported the problem to X’s support team. Yat Siu also stated that he will share insights based on this incident and highlight X’s security vulnerabilities.
“Unfortunately, Xiao Yi’s social media account has been compromised. Animoca Brands has not yet launched an official token or NFT. Token release time Solana As the hacker claimed in the post. Please do not interact with this account and remain vigilant. ”Animoca Brands point out.
Animoca Brands is one of the most active Web3 investors with a portfolio of over 540 investments, including Yuga Labs, Axie Infinity, Polygon, ConsenSys, Magic Eden, open seaDapper Labs, Yield Guild Games, and more.
In addition, in December, fraud $100,000 stolen using fake CLAUDE tokens Hack into Anthropic’s X account. They also Hacked Drake’s X account Promote a fake meme coin called Anita.
According to Cyvers’ annual report, Access control vulnerabilities remain a leading cause Losses in the Cryptocurrency Sector. According to Cyvers, these vulnerabilities will cost more than $1.9 billion in 2024.
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