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    Home » Hackers pilfer $440K from fake MicroStrategy airdrop news on X
    MicroStrategy X hacked
    MicroStrategy X hacked
    Blockchain

    Hackers pilfer $440K from fake MicroStrategy airdrop news on X

    By Sylvia ShenFebruary 26, 2024No Comments1 Min Read
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    • MicroStrategy X’s official account was breached, leading to the posting of links to a fraudulent airdrop.
    • A fictitious MicroStrategy homepage prompted users to connect a wallet and claim a phony MSTR airdrop, leaving them vulnerable to attackers who can siphon tokens if permissions are granted.

    The official MicroStrategy X account was hacked, and hackers posted a series of malicious links to a phony airdrop.

    MicroStrategy account breach: Phony airdrop

    The X account of business intelligence company MicroStrategy has been compromised, and fraudulent links to a fictitious airdrop of an alleged “official” Ethereum-based MSTR token have been posted.

    When a user clicks the link, a phony MicroStrategy homepage appears, instructing them to connect a wallet and claim the MSTR airdrop. Users acknowledge that attackers can automatically remove tokens from their Web3 wallets if they approve a number of permissions.

    Also read: $112.5 million Ripple (XRP) hack may have involved an insider

    Losses exceed $440,000

    Independent blockchain investigator ZachXBT claims that the scam has already cost victims over $440,000 in damages.

    According to Ethereum DeBank, the wallet address of the MicroStrategy attacker now has $329,000 worth of Ethereum-based tokens.

    MicroStrategy
    Sylvia Shen

    Sylvia Shen is an editorial assistant at Blue Tech Wave specialising in Fintech and Blockchain. She graduated from the University of California, Davis. Send tips to s.shen@btw.media.

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