Hackers exploit MicroStrategy social media to orchestrate $440,000 phishing heist

7 months ago

MicroStrategy’s authoritative X (formerly Twitter) relationship was hacked and utilized to beforehand a fake airdrop of an Ethereum-based MSTR token during the aboriginal hours of today, Feb. 26.

Blockchain information steadfast PeckShield rapidly warned that the offending station contained a phishing nexus that redirected to a copycat website of the Bitcoin-holding company.

The malicious station has since been removed, but MicroStrategy has yet to remark connected the incidental arsenic of property time.

MicroStrategy is the largest firm holder of BTC, and its holdings precocious topped the $10 cardinal mark. Saylortracker data shows that the company’s 190,000 BTC is presently worthy $9.7 cardinal and has an unrealized nett of $3.7 billion.

$440,000 stolen

On-chain sleuth ZachXBT revealed that the attacker stole astir $440,000 from users who unknowingly clicked connected the post.

Scam Sniffer, a Web3 anti-scam platform, reported that astir funds mightiness person been stolen from 1 victim. According to the firm, the unfortunate seemingly “signed a Uniswap Permit2 licence batch signature, which gave aggregate token approvals” to the attacker. Some stolen assets included comparatively chartless tokens similar wBAI, wPOKT, and CHEX.

Etherscan data amusement that the attacker has already begun moving the stolen funds, leaving 62.97 Ethereum, equivalent to $195,000, successful the exploiter’s code arsenic of property time.

Phishing attacks prevalent successful crypto

Phishing scams are among the astir fashionable ways malicious actors bargain funds from unsuspecting crypto users.

Crypto scammers often entice their targets by compromising the societal media accounts of well-known projects. They committedness fake airdrops via phishing links, tricking unsuspecting individuals into granting them entree to their funds. As a result, victims unknowingly let attackers to drain their funds by clicking connected these links.

Scam Sniffer revealed that attacks of this quality resulted successful the nonaccomplishment of astir $300 cardinal from much than 320,000 crypto users passim 2023.

The station Hackers exploit MicroStrategy societal media to orchestrate $440,000 phishing heist appeared archetypal connected CryptoSlate.

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