Hackers exploit MicroStrategy social media to orchestrate $440,000 phishing heist

MicroStrategy’s official X (previously Twitter) account was hacked and used to promote a faux airdrop of an Ethereum-based MSTR token throughout the early hours of at this time, Feb. 26.

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 since been eliminated, however MicroStrategy has but to touch upon the incident as of press time.

MicroStrategy is the biggest company holder of BTC, and its holdings lately topped the $10 billion mark. Saylortracker data exhibits that the corporate’s 190,000 BTC is at the moment price $9.7 billion and has an unrealized revenue of $3.7 billion.

$440,000 stolen

On-chain sleuth ZachXBT revealed that the attacker stole about $440,000 from customers who unknowingly clicked on the put up.

Rip-off Sniffer, a Web3 anti-scam platform, reported that almost all funds may need been stolen from one sufferer. In accordance to the agency, the sufferer seemingly “signed a Uniswap Permit2 permit batch signature, which gave multiple token approvals” to the attacker. Some stolen belongings included comparatively unknown tokens like wBAI, wPOKT, and CHEX.

Etherscan data present that the attacker has already begun transferring the stolen funds, leaving 62.97 Ethereum, equal to $195,000, within the exploiter’s deal with as of press time.

Phishing assaults prevalent in crypto

Phishing scams are among the many hottest methods malicious actors steal funds from unsuspecting crypto customers.

Crypto scammers typically entice their targets by compromising the social media accounts of well-known tasks. They promise faux airdrops by way of phishing hyperlinks, tricking unsuspecting people into granting them entry to their funds. Consequently, victims unknowingly permit attackers to drain their funds by clicking on these hyperlinks.

Rip-off Sniffer revealed that assaults of this nature resulted within the lack of practically $300 million from greater than 320,000 crypto customers all through 2023.

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