Litecoin’s X account promoted a fake memecoin

In recent days, X accounts belonging to several cryptocurrency and venture projects were hijacked to promote scams, The Block reported.

Among the compromised was Litecoin’s page with 1.1 million followers. It was used to advertise a fake memecoin. The team regained control of the account and apologised for the incident.

Litecoin’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’re still investigating the issue, but immediately found a delegated account that was compromised and removed…

— Litecoin (@litecoin) January 11, 2025

“The unauthorized posts were live for only a few seconds. We are still investigating the issue, but immediately found a compromised account and removed it,” they wrote.

Foresight Ventures’ X account with 28,000 followers was also hacked to announce tokens.

We regret to inform you that Foresight Ventures’ account has been compromised by hackers in the past 12 hours. Please DO NOT engage with any posts promoting tokens or click on any links shared during this period.Stay vigilant, and we are actively working to resolve the issue.

— Min (@0xmin3) January 12, 2025

Through the account of LayerZero Labs’ CTO, Ryan Zarick, the attackers announced an airdrop.

The campaign also hit the project Holoworld AI with more than 150,000 followers.

Our X account has been fully restored after yesterday’s security incident.

Through rapid action by our team and invaluable support from @brainchainLLC , we successfully identified and halted the sophisticated phishing attacks targeting our socials.

The phishing links and tweets…

— Holoworld AI (@HoloworldAI) January 10, 2025

Judging by comments in the thread, some users were affected by the fake announcements. The scale of losses is unknown.

In late 2024, on-chain detective ZachXBT reported an X-account hacker who profited from a crypto scam to the tune of $500 000.

According to PeckShield, cumulative losses to malicious actors in the crypto industry exceeded $3.01 billion in 2024.