Key Takeaways
- Litecoin’s X account was hacked to advertise a pretend Solana-based token with the identical LTC ticker.
- Hackers are more and more utilizing focused phishing emails disguised as X group communications to steal consumer credentials.
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The official X account of Litecoin appeared to have been compromised earlier at the moment, in line with quite a few studies from crypto group members. The hacker used it to advertise a fraudulent Solana-based token sharing the identical LTC ticker because the respectable digital asset.
Did @litecoin simply rug pull everybody????? pic.twitter.com/YNlE4TszOl
— Alpha Bets 👑 (@Alpha69Bets) January 11, 2025
The unauthorized publish, which included a Solana contract deal with for the pretend Litecoin token, briefly drove the rip-off token’s market capitalization to $27,000 earlier than it plunged to $3,400, per DEX Screener. The tweet was subsequently eliminated.
“Be cautious [about] any tweets coming from this account till the group confirms they’ve regained full entry to the account,” warned a consumer.
In a latest assertion, Litecoin confirmed that its account was hacked and investigations are nonetheless underway. The group reported having discovered and eliminated a delegated account that was focused by the hacker.
Litecoin’s X account was briefly compromised at the moment and posts that weren’t licensed have been printed. These have been dwell just for a matter of seconds earlier than being deleted. We’re nonetheless investigating the problem, however instantly discovered a delegated account that was compromised and eliminated…
— Litecoin (@litecoin) January 11, 2025
The incident follows a sample of social media account compromises focusing on high-profile crypto initiatives and people. In December, comparable assaults hit the Cardano Basis’s X account, which was used to unfold false details about a nonexistent SEC lawsuit and promote a fraudulent Solana-related token.
Blockchain investigator ZachXBT reported that between late November and December, a single risk actor gathered roughly $500,000 by means of meme coin scams launched by way of greater than 15 compromised X accounts, together with Kick, Cursor, Alex Blania, The Enviornment, and Brett.
The investigator additionally recognized a typical assault vector the place hackers ship phishing emails disguised as X group communications about copyright infringement, trying to trick customers into visiting fraudulent websites to reset their two-factor authentication and passwords.
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