Summary
TLDR: MicroStrategy’s X account was hacked, promoting a fraudulent crypto token $MSTR, resulting in users losing $440,000. Similar incidents have occurred with other prominent figures in the crypto industry, with hackers taking advantage of the fast-paced nature of the industry to swindle funds from unsuspecting followers.
Key Points
1. MicroStrategy, led by Michael Saylor, had its X account compromised, resulting in a fraudulent post promoting the crypto token $MSTR to its 196,500 followers.
2. Victims of the scam have reportedly lost $440,000 by falling prey to claiming free tokens through a malicious link that drained their wallets.
3. Hackers have been targeting trusted individuals and companies in the crypto industry to manipulate the trust of their followers and swindle funds, with recent incidents involving Vitalik Buterin and the SEC’s X account.