Security Breaches Target Litecoin and Other Crypto Accounts, Raising Concerns Over Rising Phishing Attacks
The post Security Breaches Target Litecoin and Other Crypto Accounts, Raising Concerns Over Rising Phishing Attacks appeared on BitcoinEthereumNews.com.
A surge in security breaches on X (formerly Twitter) has targeted major crypto accounts, exposing users to scams and phishing attacks. Malicious actors compromised the social media accounts of Litecoin, Foresight Ventures, and Aiccelerate to promote fake tokens. These events underline the growing need for stronger security measures within the crypto ecosystem to protect users and organizations alike. Security breaches on X have raised alarms in the crypto community, with major accounts compromised, highlighting urgent vulnerabilities and the need for improved protection. Hackers Target Litecoin and Others in Crypto Phishing Schemes On January 11, Litecoin revealed that unauthorized individuals had accessed its official X account. The attackers posted fraudulent content, including fake Litecoin tokens linked to the Solana blockchain. These unauthorized posts were quickly deleted, but Litecoin confirmed that investigations into the breach are ongoing. “Litecoin’s X account was briefly compromised today and posts that were not authorized were published. These were live only for a matter of seconds before being deleted. We’re still investigating the issue, but immediately found a delegated account that was compromised and removed it,” Litecoin team stated. Other crypto organizations were also targeted. Hackers took over Foresight Ventures’ account to promote a token called MingAI, which is described as an AI-powered crypto assistant. In an effort to boost credibility, the attackers provided links to the token’s contract, a trading tracker, and a Telegram group. Aiccelerate, a decentralized investment platform, faced a different type of disruption. Its account was temporarily frozen, making some of its posts inaccessible. This action created further challenges for the organization in maintaining its online presence. While the financial impact on followers remains unclear, these incidents reflect a troubling trend of attackers using phishing links and scam promotions to target crypto users. On-chain investigator ZachXBT reported that between November and December, a…
Filed under: News - @ January 12, 2025 4:24 pm