MicroStrategy’s X account breached, hacker launches Ethereum token phishing rip-off

  • February 29, 2024
MicroStrategy’s X account breached, hacker launches Ethereum token phishing rip-off

The danger star’s wallet now holds over $329,000 worth of tokens.

The X account of company intelligence company MicroStrategy was just recently breached, with the hacker publishing links to a phony Ethereum token airdrop of an “$MSTR” token.

Reports show that the existing damage of the hack is over $440,000 based upon an examination by on-chain sleuth ZachXBT, who published the risk star’s presumed wallet address.

0xe7645b8672b28a17dd0d650a5bf89539c9aa28da

~$440K taken from the compromise up until now

— ZachXBT (@zachxbt) February 26, 2024

Pseudonymous crypto critic “cobie” published in a personal reply that the phishing fraud was rather apparent offered MicroStrategy CEO Michael Saylor’s current bullish declarations on Bitcoin.

At the time of composing, it appears that the posts mentioned in the thread have actually been erased, with MicroStrategy relatively restoring control over their X account. The most current post from the account is dated February 21, with the company promoting its brand-new AI combinations.

The links from the phony Ethereum airdrop cause a phony MicroStrategy website, which advises users to link their wallet and declare the phony “$MSTR” airdrop. For clearness, this is not related to the company’s stock listing on Nasdaq, with the exact same $MSTR ticker. The stock closed recently at $687, down by 3.6% over 24 hours.

If a user accepts the consents and check in to the web app with their Web3 wallet, the opponent is then approved access to the user’s tokens, efficiently draining their funds.

Rip-off Sniffer, a Web3 anti-scam platform, the phishing attack’s preliminary target lost over $420,000 at around 7:43 EST, minutes after the link was published on X. The funds lost remained in a range of tokens ($134,000 from Wrapped Balance AI (wBAI), $122,000 from Chintai (CHEX), and $45,000 from Wrapped Pocket Network (wPOKT).

The funds were immediately moved to the assaulter’s wallet, while 2 more transfers were performed and re-routed immediately to a 2nd wallet, which was determined due to its association with the PinkDrainer hacking group. The hazard star’s wallet now holds over $329,000 worth of tokens from Ethereum, Polygon, and the abovementioned tokens. MicroStrategy is yet to provide a declaration on the matter.

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