The X account of Animoca Brands govt chairman Yat Siu has been compromised whereas selling a pretend Solana token launch. As a outcome, the hackers are selling suspicious tokens and contracts underneath the guise of “Animoca Brands issuing new coins”. The Web3 platform widespread for its merchandise like Anichess, The Sandbox, PHANTOM GALAXIES, and Crazy Defense Heroes, has issued a warning asking customers to remain vigilant.
Yat Siu X Account Promotes Fake Solana-based Tokens
The X Account of Yat Siu, founding father of Animoca Brands, stays compromised selling a pretend token launch on the Solana blockchain. The Web3 platform took cognizance of the matter instantly that there was no official token launch of NFT launch by them. Thus, it has requested customers to not have interaction with any such posts on Yat Siu’s X timeline. The official announcement famous:
“Unfortunately, Yat Siu’s social media account has been compromised. There is no official token or NFT launch from Animoca Brands. The token launch on Solana as claimed in a post was made by the hacker. Please DO NOT engage with the account and stay vigilant”.
After a short lived suspension by X, the account appears reside once more. However, an official affirmation from Animoca Brands is but to come back.
In latest days, Yat Siu has been lively on the X platform whereas shilling MOCA Coin throughout this era. As a outcome, the MOCA value surged all the best way to $0.50 on Christmas day with a 200% surge on the weekly chart. However, the MOCA value has retraced practically 30% from the highest and is at present buying and selling at $0.35, down 6% as of press time.
Earlier this yr, Animoca Brands co-founder stated that he sees NFTs and Web3 gaming as key drivers of a change in digital possession. He highlights the convergence of meme cash and NFTs, with applied sciences just like the Ton protocol fostering synergies throughout the blockchain ecosystem.
Animoca Brands Co-Founder Faces Tough Questions
Blockchain safety investigator ZachXBT has raised considerations over the compromised X account of Animoca Brands’ co-founder. He questioned why didn’t Yat Siu use superior safety measures, similar to a {hardware} safety key, to guard his account.
A day earlier than Christmas, ZachXBT had flagged considerations with a sample identification whereby a risk actor makes use of phishing emails to achieve entry to high-profile accounts. “Just yesterday, I warned about phishing emails targeting Siu, likely linked to today’s breach,” ZachXBT famous.
Reportedly, the identical scammer has stolen greater than $500,000 over the previous month by compromising greater than 15 X accounts together with the likes of Kick, Cursor, Alex Blania, The Arena, and Brett. This phishing rip-off entails impersonating the X workforce to steal credentials and additional launch fraudulent meme cash.
Last week, hackers gained entry to Vivek Ramaswamy’s X account whereas selling a pretend collaboration between the Department of Government Efficiency (D.O.G.E) and USUAL stablecoin.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to concentrate on rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary abilities.
Disclaimer: The offered content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
