- MicroStrategy’s official X account fell victim to a malicious exploit.
- The hack resulted in losses exceeding $440,000, ZachXBT revealed.
- ZachXBT and Scam Sniffer collaborated to unveil the extent of the losses.
Business intelligence firm MicroStrategy fell victim to a malicious hacking incident, leading to losses exceeding $440,000. The breach occurred through MicroStrategy’s X account, where hackers posted deceptive links promoting a fraudulent airdrop of an alleged “official” Ethereum-based MSTR token.
The phishing scam enticed users to click on the malicious links, redirecting them to a counterfeit MicroStrategy webpage. Once there, users are prompted to connect their Web3 wallets to claim the fake $MSTR airdrop. The innocent victims accepted the permissions on the counterfeit page which allowed attackers to automatically drain tokens from the users’ wallets.
Independent blockchain investigator ZachXBT and anti-scam platform Scam Sniffer collaborated to unveil the extent of the losses. According to their findings, losses from the scam have already surpassed $440,000. Notably, a single user suffered a substantial loss of $424,786 to the phishing scam,…
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