Litecoin’s X Account Briefly Hacked to Promote Fake Solana LTC Token

Highlights:

• A hacker temporarily took control of Litecoin’s X account to promote a fake Solana token.
• The Litecoin team attributed the attack to a compromised delegated account.
• Hackers use phishing emails pretending to be from X team to steal login details.

On January 11, Litecoin’s official X account was compromised for a short period. The attacker promoted a fraudulent Solana-based token using the same LTC ticker as the real asset. The hacker posted, “LTC is now in Solana,” with grammatical errors. The now-deleted unauthorized post included a Solana contract address promoting a fake Litecoin token.

Did @litecoin just rug pull everyone????? pic.twitter.com/YNlE4TszOl

— Alpha Bets 👑 (@Alpha69Bets) January 11, 2025

This temporarily increased the scam token’s market cap to $27,000 before dropping to $3,400, according to DEX Screener.

Litecoin’s X Account Recovered After Hack

The Litecoin team confirmed that the issue was resolved and that account control had been restored. They attributed the attack to a compromised delegated account, which was removed afterward.

The company stated:

“Lithlitecoin’s X account was briefly compromised today and posts that were not authorized were published. These were live only for a matter of seconds before being deleted. We are still investigating the issue but immediately found a delegated account that was compromised and removed.”

There has been a rise in account hacks on X over recent months. These attacks frequently promoted fake tokens and phishing links designed to steal funds and sensitive user data.

Hackers Exploit Social Media Accounts to Promote Fake Tokens

On Dec. 8, the Cardano Foundation’s X account was hacked to promote a fake token named “ADAsol.” The attacker falsely alleged that the Cardano Foundation would cease supporting the ADA because of an SEC lawsuit. The scam token generated around $500,000 in trading volume before being exposed. As a result, the value of “ADAsol” dropped by over 99%.

On November 3, a hacker gained access to rapper Wiz Khalifa’s account and promoted a fake celebrity memecoin named WIZ

Blockchain investigator ZachXBT reported that between late November and December, a single threat actor made around $500,000 through meme coin scams. The hacker launched these scams using over 15 compromised X accounts, including those of Kick, Cursor, Alex Blania, The Arena, and Brett. The investigator also found that hackers used phishing emails pretending to be from the X team regarding copyright infringement. These emails trick users into visiting fake sites to reset their two-factor authentication and passwords.

Moreover, in October, a hacker compromised the X account of Truth Terminal founder Andy Ayrey. The attacker promoted a token called “IB” and made $600 million in net profit. Later that month, another hacker took control of the EigenLayer X account to advertise a fake airdrop campaign.

Experts Warn of Increasing Cybersecurity Risks on the X Platform

Experts believe the ongoing hacking incidents on the X platform are due to low security awareness and vulnerabilities within the platform. They recommend users exercise caution when clicking links and improve account security by enabling two-factor authentication. This series of incidents highlights the growing sophistication of cybercriminal tactics. The firms on the X platform and other social media platforms must enhance and prioritize their security measures.