A hacker seized MicroStrategy’s social media account and stole hundreds of thousands of dollars worth of crypto assets by promoting a fake giveaway.
According to To block sleuth ZachXBT, the hacker gained control of the enterprise software company’s X account and posted a tweet promising free Ethereum (ETH)-based MicroStrategy tokens.
The tech company founded by Bitcoin (BTC) bull Michael Saylor has since deleted the tweet claiming it had launched an MSTR token backed by the company’s massive Bitcoin reserves.
While posting the wallet address of the suspected scammer(s), ZachXBT says that approximately $440,000 worth of crypto assets have been stolen. Such scams typically involve malicious links where the intended victims are tricked into giving away their crypto wallet’s private keys before their digital assets are siphoned off.
At the time of writing, the wallet address of the suspected hacker(s) has an Ethereum balance of almost 63 ETH worth approximately $192,000.
According to For the crypto influencer pseudonymously known as Cobie, the scam should have been easy to spot given Saylor’s tunnel focus on Bitcoin.
“I’m obviously not trying to blame the victim here, but you have to be very special to think that Microstrategy is launching an ETH token after Saylor very famously said for several years that ‘there is no second best’ and ‘you only use one chair’ etc.”
Last month, Saylor warned of the prevalence of crypto fraud being carried out in his name and his company name on YouTube.
“Warning! There is no risk-free way to double your Bitcoin, and MicroStrategy does not give away BTC to those who scan a barcode. My team removes about 80 fake AI-generated YouTube videos every day, but the scammers keep launching more .Don’t trust, verify.”
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