Litecoin's X Account Hacked to Promote Fake Token

Litecoin's official social media account on X (formerly Twitter) was briefly compromised on January 11, with a hacker using the platform to promote a fraudulent Litecoin token on the Solana network. The hacker posted a grammatically incorrect message stating, "LTC is now in Solana," along with a contract address and a link to a scam token via pump.fun.
The post was quickly deleted, and the Litecoin team responded by confirming they had regained control of the account. They explained that the hack occurred due to a compromised delegated account, which has since been removed to prevent further incidents.
This breach is part of a troubling trend of social media account hacks on X, with several high-profile cases over the last few months, many of which have involved scams designed to steal funds or sensitive information.
Rising Number of X Account Hacks
The hack of Litecoin’s X account is not an isolated incident. In recent months, there has been a surge in account compromises, often involving the promotion of fake tokens or phishing links targeting unsuspecting users. One notable example occurred on October 18, when the X account of EigenLayer, a restaking protocol, was hijacked to promote a fake airdrop campaign. The hacker posted links for a "Season 2 Stakedrop" offering reallocated EIGEN tokens before the EigenLayer team regained control of their account.
On November 3, rapper Wiz Khalifa's X account was also compromised. The hacker used the account to advertise a fraudulent celebrity-backed memecoin called WIZ, falsely claiming it was associated with the famous musician.
Similarly, on December 8, the Cardano Foundation’s X account was hacked to promote a fake token called “ADAsol.” The attacker claimed that Cardano would cease supporting its native token, ADA, due to a lawsuit from the U.S. Securities and Exchange Commission (SEC). The scam generated about $500,000 in trading volume before the fake token’s value collapsed by over 99% when the fraud was exposed.
Even prominent figures in the Web3 space have been targeted. On December 26, Yat Siu, co-founder of Animoca Brands, fell victim to a similar hack. The scammer used Siu’s account to promote a fake memecoin called "Animoca Brands" on the Solana network, with no connection to the well-known company.
The Growing Threat of Social Media Hacks in Crypto
These recent incidents highlight the increasing risk of social media account hacks, particularly on X, where scammers often exploit compromised accounts to launch fraudulent campaigns. These scams typically involve fake tokens, airdrops, or phishing links, all aimed at deceiving followers into giving up funds or personal information.
As cryptocurrency continues to gain mainstream attention, scammers are becoming more sophisticated in their tactics. The Litecoin hack, like others before, serves as a reminder to crypto enthusiasts to remain cautious when engaging with social media accounts, even those belonging to trusted projects or individuals.
In response to this rising threat, companies and high-profile figures in the crypto and Web3 spaces are urged to implement stronger security measures for their social media accounts, such as two-factor authentication (2FA) and regular account monitoring. Users are also advised to remain vigilant and verify the authenticity of posts, especially those promoting tokens or financial opportunities, before taking any action.
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