The official MicroStrategy X account, Michael Saylor's business intelligence company that wants to develop Bitcoin software, has been hacked.
Although MicroStrategy has not commented on the matter, the anonymous user identified as @spreekaway, warned the crypto community about a phishing attack that was being run from the official MicroStrategy account on X (formerly Twitter).
According to the user, an attacker managed to take control of the company's official account on the social platform to promote a fake token, which was supposedly related to the company.
A second best for Michael Saylor?
The user ironically commented that there was, after all, a second best, referencing a since-deleted post from MicroStrategy's official account announcing a new Ethereum-based token.
Following the joke, @spreekaway clarified that MicroStrategy's post alluding to Ethereum was the result of a very obvious hack.
“Acc hacked if it isn’t obvious haha,” the user commented.
MicroStrategy President Michael Saylor is known as a Bitcoin maximalist, due to his strong enthusiasm for the most capitalized cryptocurrency on the market. Saylor constantly posts about Bitcoin on social media, highlighting the cryptocurrency’s potential as an investment asset, as a long-term store of value asset, and on several other fronts, such as the energy sector, to accelerate the transition to clean energy.
Bitcoin has now become the primary reserve currency for his company MicroStrategy, which also recently announced plans to move into Bitcoin software development, becoming the first publicly traded company to do so.
$440.000 in losses due to phishing
The phishing scam promoted from the MicroStrategy account invited users to claim an alleged airdrop of a token called MSTR, which is the ticker under which the company's shares are listed on the stock exchange. The token was supposedly based on Ethereum, but it turned out to be fake.
The phishing post highlighted that the MSTR token was built on “trusted and scalable code,” could be operated with low gas fees, and was backed by MicroStrategy’s Bitcoin reserves.
However, blockchain researcher and cybersecurity expert ZachXBT noted that the publication of this fake airdrop resulted in losses of $440.000 for an unsuspecting user who fell victim to phishing.
ZachXBT shared the steer axle truck of the victim, which has been labeled as an address linked to a phishing attack, Ethereum block explorer Etherscan shows.
Other cybersecurity companies, such as PeckShield, also warned about the hack of MicroStrategy's account on X.
Continue reading: MicroStrategy President Michael Saylor Assured There Is No Reason To Sell Bitcoin
