MicroStrategy's Account Hacked: Deceptive Links Lead to Over $440K in Losses
Summary:
MicroStrategy's 'X' account has been hacked, with fraudulent links posted that led nearly 200,000 followers to an imitation webpage. The breach tricked users into connecting their digital wallets to claim a fake $MSTR airdrop, enabling criminals to steal tokens. Independent blockchain investigator ZachXBT and anti-scam platform Scam Sniffer estimate that losses from the scam have already surpassed $440,000. According to Scam Sniffer, two users lost large sums to the phishing scam within minutes. More information is emerging on this unfolding event.
MicroStrategy, a major player in the business intelligence arena, has had the unfortunate experience of having their 'X' account breached, resulting in several deceptive links being shared with its vast audience of almost 200,000 followers. These deceptive communications, which began being circulated on February 25, proposed a counterfeit airdrop of a fraudulent $MSTR token.
These misleading weblinks redirected individuals onto a counterfeit MicroStrategy website, where unwitting victims were instructed to link their digital wallets and participate in the bogus $MSTR airdrop. By giving consent to a sequence of procedures within their Web3 wallets, victims unknowingly gave attackers the ability to remove the tokens from their account with ease.
As per calculations made by ZachXBT, an independent cryptocurrency investigator, and Scam Sniffer, a platform designed to detect scam activities, the total losses stemming from this fraudulent activity have exceeded $440,000.
Scam Sniffer also reported that an unidentified user lost around $440,000 due to this phishing scam around an hour ago, while another user lost nearly $424,786 from tokens like $wBAI, $wPOKT, and $CHEX a few minutes ago.
Evidence is pointing towards the unfortunate reality that the unidentified user is likely to be a direct victim of the MicroStrategy compromise, with the timing of the attack and the account records of the attacker's digital wallet coinciding. Keep an eye on this space for more updates, which will be provided as soon as additional details are available.
Published At
2/26/2024 4:48:43 AM
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