MicroStrategy’s X Account Hacked, Over $440,000 Estimated Stolen Through Faux $MSTR Airdrop Hyperlinks

MicroStrategy, a pro-Bitcoin enterprise intelligence agency, will not be airdropping any crypto token represented as MSTR. Within the early hours of Monday, February 26, the X account of MicroStrategy was reportedly hacked by infamous scammers. The account, with over 196,000 followers, discovered itself flooded with posts exhibiting hyperlinks the place folks may click on and register for the airdrop of Ethereum-based ‘so-called official’ MSTR token. The acronym MSTR represents MicroStrategy within the inventory market area. Micheal Saylor, the founder and CEO of the platform has not reacted to the event to date.

The malicious hyperlinks that had been posted by way of the hacked MicroStrategy X account redirected clickers to a pretend web site that prompted them to attach their wallets and declare the false MSTR tokens. An unidentified variety of folks interacted with these hyperlinks just a few hours earlier than thehack was detected.

Market analysers like Rip-off Sniffer and ZachXBT estimate that this rip-off has already managed to steal round over $440,000 (roughly Rs. 3.6 crore). The precise determine of the stolen quantity stays unclear as for now.

As per a CoinTelegraph report, the pockets deal with that’s linked to the rip-off belongs to PinkDrainer – an notorious hacking group. An official response from MicroStrategy on the incident stays awaited. An investigation into the case is probably going on the playing cards however whether or not or not the stolen funds are recovered – that is still to be seen.

Again and again crypto business specialists have urged the neighborhood members to be very cautions earlier than interacting with suspicious hyperlinks and random airdrops. Most MicroStrategy followers would know that the corporate is inclined in direction of Bitcoin and therefore an airdrop of Ethereum-based tokens from the agency ought to have been recognized as shady.

As per a current PeckShield report, there have been over 600 crypto hacks in 2023 that led to the lack of $2.61 billion (roughly Rs. 21,696 crore) — regardless of the variety of crypto hacks having dipped by 27.78 % in 2023 within the backdrop of guidelines and rules being regularly deployed.