MicroStrategy’s X Account Hacked: Scammers Drain Over $440,000 in Crypto

MicroStrategy, a prominent Business Intelligence Firm, faced a security breach on its X account, resulting in hackers posting malicious links promoting a fake Ethereum-based MSTR token airdrop.

The deceptive links led unsuspecting users to a counterfeit MicroStrategy page, urging them to connect their wallets to claim tokens. Once users granted permissions on their Web3 wallets, hackers gained access and drained their tokens. According to blockchain investigator ZachXBT and anti-scam platform Scam Sniffer, users collectively lost over $440,000 to the scam.

One unfortunate victim lost a staggering $424,786 worth of altcoins mere minutes after the initial malicious link was shared. The compromised funds included Wrapped Balance AI (wBAI), Chintai (CHEX), and Wrapped Pocket Network (wPOKT), with a portion redirected to a wallet associated with the hacking group, PinkDrainer.

Industry observers swiftly identified the scam’s obvious nature, highlighting MicroStrategy’s Bitcoin-centric focus as contradictory to launching an Ethereum token. However, MicroStrategy regained control of its X account and promptly removed the scam tweet. Despite this, the company has remained silent on the breach and the financial losses incurred by affected users.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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