Litecoin X account briefly hacked to promote a fake token

Litecoin’s (LTC) X social media account was briefly hacked on Jan. 11 by a scammer promoting a fraudulent Litecoin token on the Solana network.

“LTC is now in Solana,” the hacker wrote in a now-deleted and grammatically incorrect post, which featured a contract address and a pump.fun link to the scam token.

In an update, the Litecoin team announced that it regained control of the account and said the hack was due to a compromised delegated account that has since been removed.

There has been a string of account hacks on X in recent months resulting in the promotion of fake tokens or phishing links designed to steal funds and sensitive data.

Litecoin, Cybercrime, Cybersecurity, Hacks — *Source:* *Litecoin*

X account hacks on the rise

Restaking protocol EigenLayer’s X account was hacked on Oct. 18 to promote a fake airdrop campaign.

The hacker posted several malicious links from the account promoting the “Season 2 Stakedrop” — which the scammer claimed was sourced from reallocated EIGEN tokens — before the EigenLayer team regained control of the account.

On Nov. 3, rapper Wiz Khalifa’s account was compromised. The hacker used the account to advertise a fake celebrity memecoin called WIZ, claiming that the memecoin was associated with the musical artist.

The Cardano Foundation’s X account suffered a similar breach on Dec. 8, when a hacker took control of the social media page to promote a fake token called “ADAsol.”

During the incident, the threat actor falsely claimed that the Cardano Foundation would cease supporting its native asset, ADA (ADA), due to a lawsuit from the United States Securities and Exchange Commission (SEC).

The fake token generated approximately $500,000 in trading volume before the scam was exposed and the price of “ADAsol” plummeted by over 99%.

Yat Siu, co-founder of Web3 company Animoca Brands, was the victim of an X account hack on Dec. 26.

Like the other cases, the scammer used the account to advertise a fraudulent token — a fake memecoin on the Solana network called “Animoca Brands” that has no connection to the well-known Web3 company.

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