Litecoin’s (LTC) X social media account was briefly hacked on January 11th by a scammer promoting a fraudulent Litecoin token on the Solana network.
The hacker posted a now-deleted and grammatically incorrect message stating, “LTC is now in Solana,” along with a contract address and a pump.fun link to the scam token.
The Litecoin team later announced that they had regained control of the account and explained that the hack occurred through a compromised delegated account, which has since been removed.
In recent months, there have been multiple instances of account hacks on X, resulting in the promotion of fake tokens or phishing links aimed at stealing funds and sensitive data.
X account hacks on the rise
On October 18th, EigenLayer’s X account was hacked to promote a fake airdrop campaign. The hacker shared several malicious links claiming to be associated with the “Season 2 Stakedrop” using reallocated EIGEN tokens. The EigenLayer team eventually regained control of the account.
On November 3rd, rapper Wiz Khalifa’s account was compromised. The hacker used the account to advertise a fake celebrity memecoin called WIZ, falsely associating it with the musical artist.
The Cardano Foundation’s X account experienced a similar breach on December 8th, when a hacker took control of the social media page to promote a fake token called “ADAsol.” During the incident, the hacker falsely claimed that the Cardano Foundation would no longer support its native asset, ADA, due to a lawsuit from the United States Securities and Exchange Commission (SEC). The fake token generated approximately $500,000 in trading volume before the scam was exposed, causing the price of “ADAsol” to plummet by over 99%.
Yat Siu, co-founder of Web3 company Animoca Brands, fell victim to an X account hack on December 26th. Like the other cases, the scammer used the account to promote a fraudulent token called “Animoca Brands,” a fake memecoin on the Solana network that has no connection to the well-known Web3 company.