The X account of cryptocurrency Litecoin briefly promoted a pretend digital token on the Solana community to its followers after a hacker briefly gained entry to the social media account.
Thankfully, Litecoin’s social media workforce shortly took motion and efficiently regained management of the account, warning its followers concerning the fraudulent SOL-based token.
Hacking Incident
Studies mentioned 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, an internet 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 at present and posts that weren’t licensed had been revealed. These had been dwell 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
Info revealed that the hacker additionally supplied a contract tackle 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 submit, the scammer wrote grammatically incorrect content material saying, “LTC is now in Solana.”
Litecoin Workforce Again In Management
The Litecoin workforce mentioned that the hacker was solely capable of acquire management of the AX account for a short while since they had been capable of get better the entry to the social media account.
“Litecoin’s X account was briefly compromised at present and posts that weren’t licensed had been revealed. These had been dwell just for a matter of seconds earlier than being deleted,” the workforce mentioned.
The cryptocurrency’s workforce introduced that the matter has been resolved and LTC’s official workforce is now once more in command of the X account.
Foresight Ventures Twitter/X has been hacked and is posting pretend AI cryptocurrency data. Earlier, Litecoin’s official Twitter account was hacked, and the hacker posted data on the account, selling pretend Litecoin tokens primarily based 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 brought about,” Litecoin mentioned.
A crypto analyst mentioned 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 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 house to stop the promotion of fraudulent tokens and phishing schemes.
Featured picture from Pexels, chart from TradingView
