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Details Emerge on Cyber Attacker Promoting Fake Memecoin through Hacked Accounts

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by Giorgi Kostiuk

7 months ago


Recently, details emerged about a cyber attack where an attacker hacked accounts on platform X to promote a fake memecoin.

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.ZachXBT

Recommended Security Measures

ZachXBT recommends implementing security measures such as limiting email address repetition across services and using security keys for important accounts. Users should enhance their email security, enable two-factor authentication, and remain cautious of enticing offers or posts, even if they come from reputable accounts.

These events highlight the importance of stronger security measures to protect accounts and personal data in the face of emerging threats.

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