On Monday, local time in Asia, hackers gained access to MicroStrategy’s X account and used it to lure followers to a phishing website that promoted an airdrop of the “MSTR token.”
The posts have been taken down. Microstrategy did not have a representative accessible to provide more remarks about the attack.
The hacked X account at MicroStrategy might have leaked half a million dollars. This most recent hack reminds us of another one that happened on January 9. Scammers gained access to the SEC’s account and posted what appeared to be a message from Chair Gary Gensler, claiming that the SEC had authorized numerous applications for Bitcoin spot exchange-traded funds (ETFs).
The post was removed subsequently. Based on their findings, X Reviews concluded that the SEC’s account lacked two-factor authentication (2FA), and not because of assaults on its infrastructure.
Since the SEC website fell down not long after the announcement, there was some initial doubt about the spot Bitcoin ETF approvals’ authenticity. The prior breach of the SEC’s official X account only served to heighten the suspicion. But the website was up and running again in no time, proving that the spot Bitcoin ETF approval was legitimate.
A phishing assault compromised the account of CoinGecko, a cryptocurrency data aggregator, in January. They reportedly advertised an airdrop of CoinGecko tokens on January 10th using a phishing link on their X account. In a deceptive article, the hackers promoted GCKO, a new cryptocurrency, by saying it could pay for API services similar to ANKR.
There was an untrustworthy airdrop token link in the message. CoinGecko quickly removed the message and warned users not to engage with dangerous information.
Coincident with Bitcoin’s surge beyond $50,000 in value, MicroStrategy’s investment in the cryptocurrency has skyrocketed past $10 billion, with the firm holding more than 190,00 BTC. Despite the difficulties of the bear market in early 2022, MicroStrategy’s Bitcoin portfolio has grown substantially since the company entered the market in August 2020.
In a recent interview, Michael Saylor, co-founder and executive chairman of MicroStrategy, said that there has been a buildup of demand for Bitcoin exchange-traded funds for more than ten years.
Also Read: U.K. Based Cryptocurrency Trading Platform Oanda to Debut February 26, 2024
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