Hackers hacked MicroStrategy X’s account by sharing a fake link, which led to the theft and loss of almost $500k worth of crypto.
MicroStrategyThe world’s largest Bitcoin corporate holder is. fell victim Hackers posted a message promoting a fake X account on February 26. “MSTR” This led to the theft and loss of over $500,000 in cryptocurrency. MicroStrategy removed the fake post quickly, but Spreek – a crypto personality – kept a copy.
According to screenshots the hackers were trying to fool users into believing MicroStrategy would be distributing a brand new strategy. EthereumMSTR is an MSTR-based token. Scammers can steal money by clicking on the provided link, and then entering their credentials. “free MSTR.”
The full extent of the breach is still unknown, but an investigation led ZachXBT suggested Scammers could have earned over $440,000 in cryptocurrency so far.
Transaction records linked to alleged hacker’s address indicate A significant portion of stolen funds have been laundered. The money has been transferred to different exchange platforms, including KyberSwap ParaSwap POKT Network. MicroStrategy had not yet released any official statements about the incident.
The latest development came just days after MicroStrategy Founder Michael Saylor reaffirmed the commitment of his company to hold its significant Bitcoin reserves. These currently exceed 190,000. BTC Over $9.7 billion in value
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: crypto.news
