ZachXBT

<p class="is-style-lead">Hackers breached MicroStrategy’s X account, sharing a scam link that led to the theft of nearly $500k in crypto.</p>
<p><a href="https://crypto.news/tag/microstrategy/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a>, the world’s largest corporate Bitcoin holder, <a href="https://x.com/spreekaway/status/1761914062609248287?s=20" target="_blank" rel="noopener noreferrer nofollow">fell victim</a> to a cyberattack on its X account on Feb. 26, with hackers posting a message promoting a fake “MSTR” token, leading to the theft of nearly $500,000 in crypto. While MicroStrategy swiftly removed the deceptive post, a copy was preserved by a crypto personality identified as Spreek.</p>
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   <p lang="en" dir="ltr">there was a second best after all<br><br>(hacked acc if not obvious lol) <a href="https://t.co/cdLqbqiiCO" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/cdLqbqiiCO</a></p>— Spreek (@spreekaway) <a href="https://twitter.com/spreekaway/status/1761914062609248287?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 26, 2024</a>
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<p>According to screenshots, the hackers attempted to deceive users into believing MicroStrategy was distributing a new <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>-based token called MSTR. Clicking the provided link and entering credentials would grant the scammers access to steal “free MSTR.”</p>
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   <p lang="en" dir="ltr">0xe7645b8672b28a17dd0d650a5bf89539c9aa28da<br><br>~$440K stolen from the compromise so far</p>— ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1761920023441060272?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 26, 2024</a>
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<p>You might also like: <a href="https://crypto.news/microstrategys-btc-investment-yields-over-300-investor-gain-in-2023/" rel="noopener noreferrer nofollow"> MicroStrategy’s BTC investment yields over 300% investor gain in 2023 </a></p>
<p>Although the full extent of the breach remains uncertain, an investigation led by blockchain investigator ZachXBT <a href="https://x.com/zachxbt/status/1761920023441060272?s=20" target="_blank" rel="noopener noreferrer nofollow">suggested</a> that the scammers may have garnered over $440,000 in crypto so far.</p>
<p>Transaction records linked to the alleged hacker’s address <a href="https://etherscan.io/address/0xe7645b8672b28a17dd0d650a5bf89539c9aa28da" target="_blank" rel="noopener noreferrer nofollow">indicate</a> that a significant portion of the stolen funds has been laundered, with transfers directed to various exchange platforms including KyberSwap, ParaSwap, and POKT Network. As of press time, MicroStrategy has not issued any official statements regarding the incident.</p>
<p>The latest development just days after MicroStrategy founder Michael Saylor reaffirmed his commitment to holding the company’s significant Bitcoin reserves, currently exceeding 190,000 <a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a> valued at over $9.7 billion.</p>
<p>Read more: <a href="https://crypto.news/microstrategys-bitcoin-success-sparks-speculation-on-potential-sp-500-entry/" rel="noopener noreferrer nofollow"> MicroStrategy’s bitcoin success sparks speculation on potential S&amp;P 500 entry </a></p>

MicroStrategy’s X account hacked, $440k drained from victims via fake MSTR airdrop

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