Litecoin’s X account hacked to promote fake Solana LTC token

Photo by Noah Berger

Litecoin’s X account hacked to promote fake Solana LTC token

The incident highlights the growing vulnerability of social media accounts in the crypto space, risking investor trust and market stability.

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Vivian Nguyen
By Vivian Nguyen

Powered by Gloria

Updated 1:24 p.m. ET

The official X account of Litecoin appeared to have been compromised earlier today, according to numerous reports from crypto community members. The hacker used it to promote a fraudulent Solana-based token sharing the same LTC ticker as the legitimate digital asset.

The unauthorized post, which included a Solana contract address for the fake Litecoin token, briefly drove the scam token’s market capitalization to $27,000 before it plunged to $3,400, per DEX Screener. The tweet was subsequently removed.

“Be cautious [about] any tweets coming from this account until the team confirms they have regained full access to the account,” warned a user.

In a recent statement, Litecoin confirmed that its account was hacked and investigations are still underway. The team reported having found and removed a delegated account that was targeted by the hacker.

The incident follows a pattern of social media account compromises targeting high-profile crypto projects and individuals. In December, similar attacks hit the Cardano Foundation’s X account, which was used to spread false information about a nonexistent SEC lawsuit and promote a fraudulent Solana-related token.

Blockchain investigator ZachXBT reported that between late November and December, a single threat actor accumulated approximately $500,000 through meme coin scams launched via more than 15 compromised X accounts, including Kick, Cursor, Alex Blania, The Arena, and Brett.

The investigator also identified a common attack vector where hackers send phishing emails disguised as X team communications about copyright infringement, attempting to trick users into visiting fraudulent sites to reset their two-factor authentication and passwords.

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Litecoin’s X account hacked to promote fake Solana LTC token

Litecoin’s X account hacked to promote fake Solana LTC token

The incident highlights the growing vulnerability of social media accounts in the crypto space, risking investor trust and market stability.

by Vivian Nguyen | Powered by Gloria
Follow on Google News

Photo by Noah Berger

The official X account of Litecoin appeared to have been compromised earlier today, according to numerous reports from crypto community members. The hacker used it to promote a fraudulent Solana-based token sharing the same LTC ticker as the legitimate digital asset.

The unauthorized post, which included a Solana contract address for the fake Litecoin token, briefly drove the scam token’s market capitalization to $27,000 before it plunged to $3,400, per DEX Screener. The tweet was subsequently removed.

“Be cautious [about] any tweets coming from this account until the team confirms they have regained full access to the account,” warned a user.

In a recent statement, Litecoin confirmed that its account was hacked and investigations are still underway. The team reported having found and removed a delegated account that was targeted by the hacker.

The incident follows a pattern of social media account compromises targeting high-profile crypto projects and individuals. In December, similar attacks hit the Cardano Foundation’s X account, which was used to spread false information about a nonexistent SEC lawsuit and promote a fraudulent Solana-related token.

Blockchain investigator ZachXBT reported that between late November and December, a single threat actor accumulated approximately $500,000 through meme coin scams launched via more than 15 compromised X accounts, including Kick, Cursor, Alex Blania, The Arena, and Brett.

The investigator also identified a common attack vector where hackers send phishing emails disguised as X team communications about copyright infringement, attempting to trick users into visiting fraudulent sites to reset their two-factor authentication and passwords.