Hackers breached MicroStrategy’s X account, sharing a rip-off hyperlink that led to the theft of practically $500k in crypto.
MicroStrategy, the world’s largest company Bitcoin holder, fell sufferer to a cyberattack on its X account on Feb. 26, with hackers posting a message selling a faux “MSTR” token, resulting in the theft of practically $500,000 in crypto. Whereas MicroStrategy swiftly eliminated the misleading publish, a duplicate was preserved by a crypto character recognized as Spreek.
In line with screenshots, the hackers tried to deceive customers into believing MicroStrategy was distributing a brand new Ethereum-based token known as MSTR. Clicking the offered hyperlink and getting into credentials would grant the scammers entry to steal “free MSTR.”
Though the complete extent of the breach stays unsure, an investigation led by blockchain investigator ZachXBT steered that the scammers might have garnered over $440,000 in crypto up to now.
Transaction information linked to the alleged hacker’s deal with point out that a good portion of the stolen funds has been laundered, with transfers directed to varied change platforms together with KyberSwap, ParaSwap, and POKT Community. As of press time, MicroStrategy has not issued any official statements concerning the incident.
The newest growth simply days after MicroStrategy founder Michael Saylor reaffirmed his dedication to holding the corporate’s vital Bitcoin reserves, at the moment exceeding 190,000 BTC valued at over $9.7 billion.