Finance

MicroStrategy’s X account hacked, shilling Ethereum token phishing scam

Business intelligence firm MicroStrategy’s X account has been hacked, posting several malicious links to claim a fake airdrop of a nefarious $MSTR token to its nearly 200,000 followers.

MicroStrategy’s account began posting malicious links on Feb. 25. Source: X

Once a user clicks on the link they are directed to a copycat MicroStrategy webpage which directs them to connect a wallet and claim the fake $MSTR airdrop. Once users accept a series of permissions in their Web3 wallet, the attackers can automatically drain the tokens out of the user’s wallet. 

According to independent blockchain sleuth ZachXBT and anti-scam platform Scam Sniffer, losses incurred from the scam have already tallied over $440,000.

Scam Sniffer, an unknown user lost approximately $440,000 to a phishing scam approximately 1 hour ago.  

The time of the attack and the holdings of the attacker’s wallet address match up, suggesting the unknown user fell victim to the MicroStrategy drainer. 

This is a developing story, and further information will be added as it becomes available.