{"id":362,"date":"2025-01-11T20:13:29","date_gmt":"2025-01-11T21:13:29","guid":{"rendered":"http:\/\/www.thebusinesschain.com\/?p=362"},"modified":"2025-04-13T04:07:44","modified_gmt":"2025-04-13T04:07:44","slug":"litecoin-x-account-briefly-hacked-to-promote-a-fake-token","status":"publish","type":"post","link":"http:\/\/www.thebusinesschain.com\/index.php\/2025\/01\/11\/litecoin-x-account-briefly-hacked-to-promote-a-fake-token\/","title":{"rendered":"Litecoin X account briefly hacked to promote a fake token"},"content":{"rendered":"
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Litecoin’s (LTC<\/a>) X social media account was briefly hacked on Jan. 11 by a scammer promoting a fraudulent Litecoin token on the Solana network. <\/p>\n “LTC is now in Solana,” the hacker wrote in a now-deleted and grammatically incorrect post, which featured a contract address and a Pump.fun link to the scam token.<\/p>\n In an update, the Litecoin team announced that it regained control of the account and said the hack was due to a compromised delegated account that has since been removed.<\/p>\n There has been a string of account hacks on X in recent months, resulting in the promotion of fake tokens or phishing links designed to steal funds and sensitive data.<\/p>\n Source: <\/em>Litecoin<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Related: <\/strong><\/em>Hacker breaches 15 X accounts, nets $500K boosting bogus memecoins: ZachXBT<\/strong><\/em><\/a><\/p>\n Restaking protocol EigenLayer’s X account was hacked<\/a> on Oct. 18 to promote a fake airdrop campaign.<\/p>\n The hacker posted several malicious links from the account promoting the “Season 2 Stakedrop” — which the scammer claimed was sourced from reallocated EIGEN tokens — before the EigenLayer team regained control of the account.<\/p>\n On Nov. 3, rapper Wiz Khalifa’s account was compromised<\/a>. The hacker used the account to advertise a fake celebrity memecoin called WIZ, claiming that the memecoin was associated with the musical artist.<\/p>\n The Cardano Foundation’s X account suffered a similar breach<\/a> on Dec. 8, when a hacker took control of the social media page to promote a fake token called “ADAsol.”<\/p>\n During the incident, the threat actor falsely claimed that the Cardano Foundation would cease supporting its native asset, ADA (ADA<\/a>), due to a lawsuit from the United States Securities and Exchange Commission (SEC).<\/p>\n The fake token generated approximately $500,000 in trading volume before the scam was exposed and the price of “ADAsol” plummeted by over 99%.<\/p>\n Yat Siu, co-founder of Web3 company Animoca Brands, was the victim of an X account hack<\/a> on Dec. 26.<\/p>\n Like the other cases, the scammer used the account to advertise a fraudulent token — a fake memecoin on the Solana network called “Animoca Brands” that has no connection to the well-known Web3 company.<\/p>\nX account hacks on the rise<\/h2>\n