X accounts (formerly Twitter) belonging to Litecoin, Foresight Ventures, and other crypto industry players have been compromised by hackers. While no official reports of financial losses have been made, crypto security researchers are emphasizing the need for better protection measures.
Over the weekend, hackers successfully took control of personal and prominent crypto accounts within seconds to promote scams.
On Saturday, January 11, 2025, the X account of Litecoin was hacked, and scammers used it to promote a memecoin scam to its 1.1 million followers. Litecoin officially acknowledged the breach and stated that the matter is being addressed. On the same day, Foresight Ventures’ X account was also hacked, targeting its 28,000 followers with a similar memecoin scam.
On Sunday, January 12, 2025, the X account of Ryan Zarick, Co-founder and CTO of LayerZero Labs, was compromised and used to promote scams to his 12,500 followers. Additionally, the X account of Holoworld AI, with over 150,000 followers, was hacked earlier last week.
Public Figures Among Hack Victims
In recent weeks, X account hacks have also impacted public figures such as musicians Drake and Wiz Khalifa, the Cardano Foundation, AI startup Anthropic, and more.
The scam posts lure users with promises of newly launched memecoins or airdrops. While account owners have regained access, fast-moving crypto traders are often victimized by these schemes.
Recommendations for Users
Crypto security researcher Taylor Monahan advises users to conduct self-audits using guidelines published by the Security Alliance, also known as SEAL Org.
The guidelines recommend users to:
- Remove their phone numbers from their X accounts.
- Set up two-factor authentication.
- Review accounts with delegated access.
In the event of an X account hack, Monahan suggests notifying SEAL via their Telegram bot, SEAL-911. “We can quickly block malicious URLs in MetaMask and other crypto wallets and security tools,” Monahan stated.
This wave of hacks serves as a reminder for individuals and organizations in the crypto industry to bolster their online security measures.
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