The X account of cryptocurrency Litecoin briefly promoted a pretend digital token on the Solana community to its followers after a hacker quickly gained entry to the social media account.
Happily, Litecoin’s social media group rapidly took motion and efficiently regained management of the account, warning its followers concerning the fraudulent SOL-based token.
Hacking Incident
Studies stated that the social media account of Litecoin on the platform X was briefly compromised by a scammer to make use of it as a promotional software for a pretend digital asset.
Based on a report, a web-based fraudster hacked the cryptocurrency’s official X account whereby the scammer promoted a pretend token on the Solana community.
Litecoin’s X account was briefly compromised immediately and posts that weren’t licensed had been printed. These had been reside 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
Info revealed that the hacker additionally offered a contract deal with and a pump.enjoyable rip-off hyperlink aimed toward duping folks to the fraudulent token and getting away with different folks’s cash.
In a now-deleted X put up, the scammer wrote grammatically incorrect content material saying, “LTC is now in Solana.”
Litecoin Group Again In Management
The Litecoin group stated that the hacker was solely in a position to achieve management of the AX account for a short while since they had been in a position to get well the entry to the social media account.
“Litecoin’s X account was briefly compromised immediately and posts that weren’t licensed had been printed. These had been reside just for a matter of seconds earlier than being deleted,” the group stated.
The cryptocurrency’s group introduced that the matter has been resolved and LTC’s official group is now once more accountable for the X account.
Foresight Ventures Twitter/X has been hacked and is posting pretend AI cryptocurrency info. Earlier, Litecoin’s official Twitter account was hacked, and the hacker posted info on the account, selling pretend Litecoin tokens based mostly on the Solana, with rip-off hyperlinks.…
— Wu Blockchain (@WuBlockchain) January 12, 2025
“We’re nonetheless investigating the problem, however instantly discovered a delegated account that was compromised and eliminated it. We apologize for any confusion precipitated,” Litecoin stated.
A crypto analyst stated the hacking incident was a warning that scammers are lurking within the digital foreign money area, saying, “There are lots of scammers within the crypto area who will attempt to take your cash or crypto.”
Hacking Incidents On The Rise
There may be an growing variety of incidents of social media accounts with cryptocurrencies and related personalities being focused by cyber fraudsters.
Their modus operandi is to illegally entry an X account and use it to advertise pretend crypto initiatives or tokens to steal cash or crypto from their victims.
The hacking incident was not an remoted case however a part of what appears to be a deliberate assault on high-profile X accounts for use for his or her unlawful actions.
Some analysts famous that what occurred to Litecoin’s X account solely emphasizes the necessity to strengthen cybersecurity measures inside the crypto area to stop the promotion of fraudulent tokens and phishing schemes.
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