2 weeks ago
On March 13, hackers seemingly took power of DB, a well-known crypto quality platform, utilizing its X relationship to dispersed mendacious accusation astir Donald Trump’s TRUMP memecoin and a fabricated BlackRock ETF filing for Hyperliquid.
The misleading posts had an contiguous impact. TRUMP’s terms surged by 20% earlier rapidly collapsing, portion the fake ETF quality caused a abstracted 6% terms fluctuation for Hyperliquid’s HYPE token.
Blockchain analytics steadfast Lookonchain revealed that a trader attempted to capitalize connected the chaos by withdrawing 504,820 USDC from Binance to bargain TRUMP tokens. However, aft the information emerged, the trader sold astatine a loss, losing $26,820 successful USDC wrong minutes.
Following the incident, DB deleted the unauthorized posts and advised users to disregard immoderate accusation shared during the breach.
X relationship breaches
This onslaught connected DB’s relationship aligns with a signifier of caller breaches targeting high-profile crypto-related accounts connected X.
DB pointed out that its compromised relationship had nary linked third-party apps, nary API cardinal leaks, and was protected by YubiKey two-factor authentication.
This led the level to fishy an interior vulnerability oregon a compromised X worker arsenic the apt root of the breach.
According to DB:
“[We are] assuming a compromised X worker oregon similar, each keys and sessions person been reset regardless.”
Considering this, web3 information level Harpie noted similarities to erstwhile attacks connected Dogwifcoin, Solana-based Jupiter Exchange, and memecoin launchpad Pump.fun.
Blockchain researcher ZachXBT suggested these hacks mightiness stem from societal engineering tactics aimed astatine X employees. He speculated that attackers mightiness beryllium manipulating the societal media tract unit with fraudulent documents oregon exploiting weaknesses successful the platform’s interior controls.
Meanwhile, the expanding frequence of these attacks raises concerns astir the information of crypto-related accounts connected X.
Over the years, hackers person continued to exploit high-profile platforms to dispersed mendacious accusation and deploy phishing schemes that person resulted successful important losses for crypto users.
The station DB quality X relationship hack leads to 20% Trump memecoin pump and dump appeared archetypal connected CryptoSlate.
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