BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Hacker Exploits 15 Crypto X Accounts, Steals $500K via Phishing Scams

by Dan K
Dec 25, 2024 - 4:06 pm
in Blockchain
Depiction of a hacker targeting crypto accounts with phishing scams.

Hacker Breaches X Accounts to Pump Memecoin Scams

A hacker has stolen $500,000 over the last month by compromising 15 crypto-focused X accounts to shill scam memecoin projects, blockchain investigator ZachXBT claims.

Bogus Copyright Notices Leveraged to Dupe Victims

The attacker impersonated the X platform team and sent fake copyright infringement notices to targeted users. These messages were urgent, meaning the victims clicked on phishing links. On these phishing websites, the users unknowingly reset their account passwords and 2FA credentials, thus giving the hacker complete access.

Crypto Accounts with Large Followings Targeted

Among the compromised accounts were Kick, Cursor, The Arena, Brett, and Alex Blania, all very popular among cryptocurrency enthusiasts. Combined, these accounts have in excess of 200,000 followers, most of whom are memecoin investors looking for the next big thing.

The hacker posted scams in each of these accounts, captioned “Incoming Transmission”, followed by a fake token announcement and contract address. The posts deceived users into interacting with the scam projects to siphon funds.

Obfuscation of Stolen Funds

ZachXBT followed the operation to six deployer addresses used in the scams. The attacker bridged assets between the Solana and Ethereum networks, a modus operandi of cyber attackers as they mask the origin of stolen funds and confuse their movements in order not to be traced.

Security Tips for X Users

ZachXBT encouraged the users to take extra care to secure their accounts. Suggestions include not using the same email address on different platforms and providing 2FA for critical accounts. Making these options stronger will reduce the chance of such attacks.

Wider Context of Crypto Scams

This incident joins a spate of crimes related to crypto that seem to be on the increase. Although phishing losses decreased 53% month-over-month in November to $9.3 million, it appears scammers are trying harder during the holiday season.

As it were, Chainalysis estimates that already in 2024, $2.2 billion has been stolen across 303 major incidents-a 21% increase from the previous year. Centralized services remain the hardest hit, making cybersecurity a critical concern for the crypto community.

By exposing these scams, investigators like ZachXBT highlight the growing need for vigilance among cryptocurrency users. Protecting personal information and account access remains paramount in combating these sophisticated cybercrimes.

Tags: BlockchainRegulationWeb3
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service