X cryptocurrency account Litecoin She briefly promoted a fake virtual token on the Solana network to her followers after a hacker temporarily gained access to her social media account.
Fortunately, Litecoin’s social media team quickly took action and successfully regained control of the account, warning its followers about the SOL-based token.
Hacking incident
Litecoin’s social media account on platform
According to a report, X’s official cryptocurrency account was hacked by a cyberscammer where the scammer promoted fake token on the Solana network.
The Litecoin X account was briefly hacked today and unauthorized posts were made. These were only there for a few seconds before being deleted. We are still investigating the issue, but we immediately found an authorized account that had been hacked and removed…
— Litecoin (@litecoin) January 11, 2025
The information revealed that the hacker also provided a contract address and a fraudulent link to Pump.fun aimed at scamming people using the fraudulent code and getting away with other people’s money.
In X’s now-deleted post, the scammer wrote grammatically incorrect content saying: “LTC is now in Solana.”
Litecoin team is back in control
The Litecoin team said the hacker was only able to take control of the AX account for a short period where they were able to regain access to the social media account.
“X’s Litecoin account was briefly hacked today and unauthorized posts were made. These were only present for a few seconds before being deleted,” the team said.
The cryptocurrency team announced that the matter has been resolved and the official LTC team is now back in control of the X account.
Foresight Ventures Twitter/X has been hacked and is spreading fake information about the AI-powered cryptocurrency. Earlier, the official Litecoin Twitter account was hacked, and the hacker posted information on the account, promoting fake Solana-based Litecoin tokens, with fraudulent links.
— Wu Blockchain (@WuBlockchain) January 12, 2025
“We are still investigating the issue, but we immediately found and removed an authorized account that had been compromised. We apologize for any confusion we may have caused,” Litecoin said.
One cryptocurrency analyst said the hacking incident was a warning about the presence of scammers in the cryptocurrency space, saying: “There are many scammers in the cryptocurrency space who will try to take your money or cryptocurrencies.”
Hacking incidents are on the rise
There are an increasing number of incidents of social media accounts being targeted using cryptocurrencies and associated personalities Cyber scammers.
Their modus operandi is to illegally access X account and use it to promote fake cryptocurrency projects or tokens to steal funds or cryptocurrencies from their victims.
The hacking incident was not an isolated case, but was part of what appears to be a planned attack on high-profile X accounts to use for its illegal activities.
Some analysts pointed out that what happened to Litecoin’s X account only underscores the need to strengthen cybersecurity measures in the cryptocurrency space to prevent the promotion of fraudulent tokens and phishing schemes.
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