ZachXBT shared details regarding a cyber attacker who hacked accounts on the social media platform X to promote a fake memecoin. These illicit activities raise concerns about security vulnerabilities within popular social media platforms.
Accounts Compromised through Phishing Techniques
ZachXBT reported that the cybercriminal stole login credentials from high-profile X accounts by sending phishing emails impersonating the X team. The emails were designed to resemble notifications regarding policy and guideline violations from X, creating a false sense of urgency that encouraged recipients to click on malicious links.
“In the past month, over 15 X accounts were compromised, resulting in the theft of approximately $500,000,” said ZachXBT.
According to the smart contract platform Neutron, the malicious actor sent fake copyright infringement emails, leading targeted X users to reset their passwords and two-factor authentication. Once the accounts were compromised, the attacker closed all sessions, altered security settings, and gained access to post harmful links promoting scam tokens.
Recommended Security Measures
ZachXBT recommends implementing security measures such as limiting email address repetition across services and using security keys for important accounts. The cy…
