Key takeaways
- Litecoin’s X account was hacked to promote a fake Solana-based token with the same LTC ticker.
- Hackers are increasingly using targeted phishing emails, disguised as communications from Team X, to steal user credentials.
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Litecoin’s official X account appears to have been compromised earlier today, according to numerous reports from members of the crypto community. The hacker used it to promote a fraudulent Solana-based token sharing the same LTC ticker as the legitimate digital asset.
Did @litecoin just pull the rug out everyone????? pic.twitter.com/YNlE4TszOl
– Paris Alpha 👑 (@Alpha69Bets) January 11, 2025
The unauthorized post, which included a Solana contract address for the fake Litecoin token, briefly raised the fraudulent token’s market cap to $27,000 before plunging to $3,400, according to DEX Screener. The tweet was later deleted.
“Be cautious (about) any tweets coming from this account until the team confirms they have regained full access to the account,” one user warned.
In a recent statement, Litecoin confirmed that its account had been hacked and that investigations were still ongoing. The team reported finding and removing a delegate account targeted by the hacker.
Litecoin’s X account was briefly compromised today and unauthorized posts were made. These were only online for a few seconds before being deleted. We are still investigating the issue, but we immediately found a delegated account that was compromised and deleted…
– Litecoin (@litecoin) January 11, 2025
The incident follows a pattern of compromising social media accounts targeting high-profile crypto projects and individuals. In December, similar attacks hit the Cardano Foundation’s X account, which was used to spread false information about a nonexistent SEC lawsuit and promote a fraudulent token linked to Solana.
Blockchain investigator ZachXBT reported that between late November and December, a single threat actor accumulated approximately $500,000 through coin scams launched through more than 15 compromised X accounts, including Kick, Cursor , Alex Blania, The Arena and Brett.
The investigator also identified a common attack vector in which hackers send phishing emails disguised as communications from Team scam sites to reset their two-factor authentication and passwords.
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