• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

X Account Hacks in the Cryptocurrency Industry: Litecoin and Foresight Ventures Targeted

user avatar

by Giorgi Kostiuk

2 months ago


The cryptocurrency industry faced another wave of hacks this past weekend, targeting high-profile X accounts, including those of Litecoin and Foresight Ventures. Hackers used these accounts to promote fake tokens.

Pattern of Attacks on Prominent Accounts

On January 11, 2025, Litecoin’s X account was compromised. The attackers promoted a fraudulent Solana-based token using Litecoin's ticker symbol, 'LTC.' The token's market cap briefly spiked to $27,000 before dropping to $3,400 upon detection of the scam. The Litecoin team quickly regained control of the account.

'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,' the team announced.

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 team

Broader Trend of Social Media Hacks

Also compromised was the X account of Foresight Ventures, with its 28,000 followers. Hackers promoted fake 'AI agent' tokens, raising particular alarm due to the company's connections to blockchain and AI projects.

Among other notable accounts affected were LayerZero Labs co-founder and the widely-followed Holoworld AI account, boasting over 150,000 followers. These accounts were used to push scam tokens. Reports indicate hackers raised over $500,000 through 15 compromised accounts.

Protecting Against Social Media Compromises

Social media platforms have become essential tools for crypto projects, but are increasingly targeted by hackers.

To prevent further incidents, it is recommended to:

1. Enable Two-Factor Authentication (2FA). 2. Regularly review access permissions and remove unnecessary third-party connections.

Recent incidents emphasize the importance of enhancing account security on social media. Strengthened security measures can help mitigate the risk of such attacks in the future.

0

Share

Other news

Remittix: A New Hope for Ethereum and Polygon Investors in 2025

Remittix attracts attention with its utility, raising over $14.3 million in presale.

user avatarGiorgi Kostiuk

12 minutes ago

US Lawmakers Push SEC for Information on Trump-Linked Crypto Company

US lawmakers call for SEC transparency regarding transactions of a Trump-linked cryptocurrency firm.

user avatarGiorgi Kostiuk

12 minutes ago

Galaxy Digital Secures FCA Approval for UK Derivatives

Galaxy Digital expands in Europe with FCA approval, reflecting increasing demand for regulated digital asset services.

user avatarGiorgi Kostiuk

12 minutes ago

BITCOIN, RIPPLE, and MAGACOINFINANCE: No One is Immune to Competition

MAGACOINFINANCE is rising fast and may become a serious contender to Bitcoin and Ripple in 2025.

user avatarGiorgi Kostiuk

13 minutes ago

Ethereum: Selling Pressure from Whales and DeFi Market Shift

Ethereum's drop below $1,800 raises market concerns. The $1,762 support level is crucial for a potential price reversal.

user avatarGiorgi Kostiuk

22 minutes ago

Blockchain Networks Compared: Solana, Avalanche, and BlockDAG Testnet

Explore the differences and achievements of Solana, Avalanche, and the BlockDAG testnet in blockchain technology.

user avatarGiorgi Kostiuk

22 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.