MicroStrategy’s X account hacked, $440k drained from victims via fake MSTR airdrop

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Hackers breached MicroStrategy’s X account, sharing a rip-off hyperlink that led to the theft of practically $500k in crypto.

MicroStrategy, the world’s largest company Bitcoin holder, fell victim to a cyberattack on its X account on Feb. 26, with hackers posting a message selling a faux “MSTR” token, resulting in the theft of practically $500,000 in crypto. Whereas MicroStrategy swiftly eliminated the misleading put up, a replica was preserved by a crypto persona recognized as Spreek.

In keeping with screenshots, the hackers tried to deceive customers into believing MicroStrategy was distributing a brand new Ethereum-based token known as MSTR. Clicking the offered hyperlink and coming into credentials would grant the scammers entry to steal “free MSTR.”

Though the total extent of the breach stays unsure, an investigation led by blockchain investigator ZachXBT suggested that the scammers might have garnered over $440,000 in crypto thus far.

Transaction information linked to the alleged hacker’s deal with indicate that a good portion of the stolen funds has been laundered, with transfers directed to varied alternate platforms together with KyberSwap, ParaSwap, and POKT Community. As of press time, MicroStrategy has not issued any official statements concerning the incident.

The most recent improvement simply days after MicroStrategy founder Michael Saylor reaffirmed his dedication to holding the corporate’s important Bitcoin reserves, presently exceeding 190,000 BTC valued at over $9.7 billion.

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