This weekend, the cryptocurrency sector faced another wave of social media account breaches, with Litecoin and Foresight Ventures among the targeted accounts.
A Pattern of Attacks on Prominent Accounts
On January 11, 2025, Litecoin’s official X account was compromised. Attackers used the account to promote a fraudulent Solana-based token using the 'LTC' symbol. The Litecoin team quickly regained control, deleted unauthorized posts, and began investigating the breach.
A Broader Trend of Social Media Hacks
The cryptocurrency community has seen a rise in X account compromises. In late 2024, the Cardano Foundation’s X account was hacked, spreading false claims of an SEC lawsuit and promoting a scam token called 'ADAsol'.
Protecting Against Social Media Compromises
Social media platforms have become essential tools for cryptocurrency projects; however, they are increasingly exploited by hackers. Implementing two-factor authentication and regularly reviewing access permissions can help mitigate the risk of account breaches.
Security of social media accounts remains a crucial issue for cryptocurrency projects, and companies must take proactive steps to protect their assets and users.
