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.
Fortunately, 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
Reports 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 instrument for a faux digital asset.
According to 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 right this moment and posts that weren’t approved had been revealed. These had been reside 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
Information revealed that the hacker additionally offered 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 Team Back In Control
The Litecoin workforce stated that the hacker was solely capable of acquire management of the AX account for a short while since they had been capable of recuperate the entry to the social media account.
“Litecoin’s X account was briefly compromised today and posts that were not authorized were published. These were live only for a matter of seconds before being deleted,” the workforce stated.
The cryptocurrency’s workforce introduced that the matter has been resolved and LTC’s official workforce is now once more accountable for the X account.
Foresight Ventures Twitter/X has been hacked and is posting faux AI cryptocurrency info. Earlier, Litecoin’s official Twitter account was hacked, and the hacker posted info on the account, selling faux Litecoin tokens based mostly on the Solana, with rip-off hyperlinks.…
— Wu Blockchain (@WuBlockchain) January 12, 2025
“We’re still investigating the issue, but immediately found a delegated account that was compromised and removed it. We apologize for any confusion caused,” Litecoin stated.
A crypto analyst stated the hacking incident was a warning that scammers are lurking within the digital forex area, saying, “There are many scammers in the crypto space who will try to take your money or crypto.”
Hacking Incidents On The Rise
There is 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 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 area to stop the promotion of fraudulent tokens and phishing schemes.
Featured picture from Pexels, chart from TradingView
