The X account of cryptocurrency Litecoin briefly promoted a faux digital token on the Solana community to its followers after a hacker briefly gained entry to the social media account.
Happily, Litecoin’s social media staff rapidly took motion and efficiently regained management of the account, warning its followers in regards to the fraudulent SOL-based token.
Hacking Incident
Stories 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 faux digital asset.
In accordance with a report, an internet fraudster hacked the cryptocurrency’s official X account whereby the scammer promoted a faux token on the Solana community.
Litecoin’s X account was briefly compromised at this time and posts that weren’t licensed have been printed. These have been stay just for a matter of seconds earlier than being deleted. We’re nonetheless investigating the difficulty, however instantly discovered a delegated account that was compromised and eliminated…
— Litecoin (@litecoin) January 11, 2025
Data revealed that the hacker additionally supplied a contract handle and a pump.enjoyable rip-off hyperlink geared 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 Staff Again In Management
The Litecoin staff stated that the hacker was solely in a position to achieve management of the AX account for a short while since they have been in a position to recuperate the entry to the social media account.
“Litecoin’s X account was briefly compromised at this time and posts that weren’t licensed have been printed. These have been stay just for a matter of seconds earlier than being deleted,” the staff stated.
The cryptocurrency’s staff introduced that the matter has been resolved and LTC’s official staff is now once more accountable for the X account.
Foresight Ventures Twitter/X has been hacked and is posting faux AI cryptocurrency data. Earlier, Litecoin’s official Twitter account was hacked, and the hacker posted data on the account, selling faux Litecoin tokens based mostly on the Solana, with rip-off hyperlinks.…
— Wu Blockchain (@WuBlockchain) January 12, 2025
“We’re nonetheless investigating the difficulty, however instantly discovered a delegated account that was compromised and eliminated it. We apologize for any confusion induced,” Litecoin stated.
A crypto analyst stated the hacking incident was a warning that scammers are lurking within the digital foreign money house, saying, “There are lots of scammers within the crypto house who will attempt to take your cash or crypto.”
Hacking Incidents On The Rise
There may be an rising 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 faux crypto tasks 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 house to stop the promotion of fraudulent tokens and phishing schemes.
Featured picture from Pexels, chart from TradingView
