Aptos

Foundation

Security

Stellar

REAL

<p><strong>Hacking Twitter accounts seems to have become the new pastime for bored “kids” during the summer break with Stellar being their latest victim.</strong></p> 
<h2 style="text-align: center;" id="the-incident">The Incident</h2> 
<p>The Stellar Development Foundation recently <a href="https://twitter.com/DenelleDixon/status/1677754565280792576" target="_blank" rel="noopener">confirmed</a> that their official Twitter account was compromised. The hackers took control of the account and began posting misleading information, attempting to trick followers into believing that Stellar’s native token, XLM, was now supported on the Ethereum <a href="https://walletinvestor.com/magazine/coinbase-and-stellar-partnership-unlocking-efficient-transactions" target="_blank" rel="noopener">network</a> and available for free. The hackers urged users to claim the non-existent free XLM tokens, creating a sense of urgency by stating that the offer was still live on the Ethereum blockchain.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">. <a href="https://twitter.com/StellarOrg?ref_src=twsrc%5Etfw">@StellarOrg</a> is hacked. <a href="https://twitter.com/hashtag/XLM?src=hash&amp;ref_src=twsrc%5Etfw">#XLM</a> <a href="https://t.co/s0CfVcKHHN">https://t.co/s0CfVcKHHN</a> <a href="https://t.co/h6yEjHW24P">pic.twitter.com/h6yEjHW24P</a></p> 
 <p>— STΞLLΞR TRADING (@STELLAR_trading) <a href="https://twitter.com/STELLAR_trading/status/1677744175079383040?ref_src=twsrc%5Etfw">July 8, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 style="text-align: center;" id="response-and-investigation">Response and Investigation</h2> 
<p>Upon discovering the breach, Stellar immediately alerted their followers not to trust any communications from their Twitter account until further notice. Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, promptly informed Twitter Security about the breach. The malicious posts were swiftly removed, and Dixon thanked Twitter Security for their quick response, expressing relief that the situation had been handled.</p> 
<p>As of now, there are no reports of victims falling for the scam. However, Stellar is continuing to investigate the incident and is prepared for potential reports from users who may have been affected.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en"><a href="https://twitter.com/StellarOrg?ref_src=twsrc%5Etfw">@StellarOrg</a> has been hacked with some bogus WXLM crap all over the page. <a href="https://twitter.com/hashtag/XLM?src=hash&amp;ref_src=twsrc%5Etfw">#XLM</a> <a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XLM</a> doesn’t do airdrops etc and when you click on the stellar page… IT’S NOT THE REAL ONE! Please Share! <a href="https://twitter.com/hashtag/twitterhack?src=hash&amp;ref_src=twsrc%5Etfw">#twitterhack</a></p> 
 <p>🚨STELLAR XLM HACKED 🚨BREAKING STORY🚨 <a href="https://t.co/qCOjIzklPy">https://t.co/qCOjIzklPy</a> via <a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw">@YouTube</a></p> 
 <p>— CRYPTO with KLAUS (@HobbiesCards) <a href="https://twitter.com/HobbiesCards/status/1677764377892585472?ref_src=twsrc%5Etfw">July 8, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 style="text-align: center;" id="a-growing-trend">A Growing Trend</h2> 
<p>This incident is not an isolated case. Attacks on Twitter accounts linked to cryptocurrency companies are becoming increasingly frequent. Just a few days prior to the Stellar hack, the Aptos Foundation also fell victim to a similar attack.</p> 
<h2 style="text-align: center;" id="the-aptos-hack">The Aptos Hack</h2> 
<p>In the case of Aptos, the hackers promoted a fake airdrop. They took control of the Aptos Foundation’s Twitter account and directed followers to a fraudulent website offering a chance to participate in the non-existent airdrop. The scam also seemed to extend to the Twitter account of Aptos CEO Mo Shaikh.</p> 
<p>Aptos Labs quickly issued a warning, advising people not to engage with the fraudulent link. They confirmed that the Aptos Network account had been compromised and that the tweet about an APT airdrop was fraudulent.</p> 
<h2 style="text-align: center;" id="user-reactions-concern-and-frustration">User Reactions: Concern and Frustration</h2> 
<p>The Stellar Twitter hack has sparked a wave of concern and frustration among the cryptocurrency community on Twitter. Users are questioning the security measures in place and expressing their dismay over the increasing frequency of such incidents.</p> 
<p>One user questioned whether the Stellar account had two-factor authentication (2FA) enabled using an authenticator app instead of SMS. They expressed curiosity about how the account was hacked if 2FA was enabled and deemed it inexcusable if it was not.</p> 
<p>Another user asked for hourly updates and vectors to help the community stay safe, stating that the situation on Twitter was getting out of hand. They expressed their concern over the increasing number of Twitter hacks and the potential risks they pose.</p> 
<p>A user warned others about the hack, stating that Stellar does not do airdrops and that the page promoting the fake WXLM was not the real Stellar page. They urged others to share the information to prevent more people from falling for the scam.</p> 
<p>One user pointed out that big Twitter accounts have been taken over and used to blast out phishing sites daily for the past couple of months. They expressed their frustration over the continued use of SMS 2FA, which they believe is easily exploitable, even by children executing SIM swaps.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Every day for the past couple months we’ve seen big twitter accounts get taken over &amp; used to blast out phishing sites.</p> 
 <p>Literal *children* execute sim swaps with their eyes closed to gain access to these accounts.</p> 
 <p>The real question is HOW TF ARE YOU STILL USING SMS 2FA?! <a href="https://t.co/B1pV0I1L7D">pic.twitter.com/B1pV0I1L7D</a></p> 
 <p>— Tay 💖 (@tayvano_) <a href="https://twitter.com/tayvano_/status/1677752499909033984?ref_src=twsrc%5Etfw">July 8, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br> These reactions highlight the growing concern over cybersecurity in the crypto space and the need for more robust security measures to prevent such incidents.</p> 
<h2 style="text-align: center;" id="conclusion">Conclusion</h2> 
<p>These incidents serve as a stark reminder of the importance of cybersecurity in the crypto space. Users are urged to remain vigilant and verify any information they come across, especially when it involves the transfer of digital assets.</p>

Stellar Twitter Account Hacked

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