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Home BREAKING NEWS

Hackers Target Major X Accounts, Earn Minimal Profit from Solana Scam Token

Matoy by Matoy
September 19, 2024
in BREAKING NEWS, FINANCE
Reading Time: 2 mins read
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  • Multiple high-profile X accounts were hacked on Sept. 18 to promote a Solana-based memecoin, HACKED.
  • The attackers only made around $8,000 from the scam despite targeting well-known accounts.
  • Blockchain experts warn users to revoke permissions for unused apps to protect their accounts from future hacks.

A series of social media hacks on Sept. 18 targeted multiple high-profile X accounts, including Lenovo India, Yahoo News UK, and the filmmaker Oliver Stone, to promote a Solana-based memecoin called HACKED. Despite breaching significant platforms, the attackers’ gains were far from impressive, earning only around $8,000.

Failed Crypto Scam on X

Blockchain investigator ZachXBT alerted the public to the hacking incidents, explaining that scammers had taken over the compromised accounts to promote the HACKED token. The unusual aspect of the scheme was that the hackers openly admitted the accounts were compromised, claiming they would “pump” the token for mutual profit.

However, the transparency of their actions didn’t yield much success. According to ZachXBT, top traders involved in the scam barely earned $1,000. The token spiked by 900% in under an hour, but it quickly crashed, leaving the hackers with minimal gains compared to typical crypto hacks.

Revoking App Permissions to Avoid Hacks

ZachXBT advised X users to revoke permissions for apps they no longer use, as it is suspected the compromised accounts may have granted access to the same malicious app or website. In recent months, several other prominent figures in the crypto space, including Ethereum co-founder Vitalik Buterin, have also had their accounts hacked.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Hack
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Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

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