Hackers versus MicroStrategy: Another X Account Hacked


Hackers again used the network X (former Twitter) for their malicious purposes.

A message advertised for the MSTR token appeared on the MicroStrategy account.

It was claimed that the token consumes less gas and airdrop was declared. The token is supposedly backed by Bitcoin assets and is therefore guaranteed to be safe.


The message of such a company was taken very seriously by the vast majority of users. They followed a phishing link, entered their wallet details and... lost a total of $440k.




It turned out that MicroStrategy’s account was banally hacked. The intruders placed a phishing link that provided them with sufficient traffic of visitors.


Scammers loved social network X. Classic stories of hacking you surely remember is Vitalik Buterin’s case, whose account was hacked and also advertised as a phishing site. True, casualties were slightly higher - around $800K.


Perhaps the loudest case occurred with the SEC. There the Skamers acted more delicately: they did not engage in banal phishing, and on behalf of the Commission reported the approval of Bitcoin-ETF. The head of the SEC personally denied the fake news, but the price of Bitcoin on the stock exchange managed to jump. How these Scammers - unknown, but it is possible to assume that they were able to monetize the situation. 


In the SEC case, the reason for the hack was a human factor. Employees did not take care of account protection, there was not even a two-factor authentication system (2FA).


The whole situation shows very clearly: you can invest millions in IT security, install the most advanced security systems, but you can always find a careless employee who forgets to press the right button. Technological protection must always be accompanied by administrative procedures and rigorous controls. Otherwise... Otherwise, what I started this post will happen. And let’s finally take responsibility for IT security! Methods are well known, you just have to follow them. Take care!


#MicroStrategyHack #SocialEngineeringScams #CryptoSecurity #PhishingAlert #ITSecurityAwareness

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