A hacker briefly gained entry to Litecoin’s X social media account to fraudulently promote that LTC is now accessible on the favored sensible contract platform Solana (SOL).
In a brand new thread, the builders of the decentralized peer-to-peer community warn traders in regards to the breach however observe that the crew instantly regained entry to Litecoin’s official X account.
“Litecoin’s X account was briefly compromised immediately and posts that weren’t approved had been printed. These had been stay just for a matter of seconds earlier than being deleted. We’re nonetheless investigating the difficulty, however instantly discovered a delegated account that was compromised and eliminated it. We apologize for any confusion precipitated.”
A screenshot of the incident reveals that the scammer posted a message utilizing Litecoin’s X account to falsely declare that LTC “is now [on] Solana.” The unhealthy actor added a hyperlink that takes customers to what seems to be a rug pull rip-off.
In keeping with knowledge from blockchain tracker DEX Screener, the rip-off token – known as LTC/SOL on Raydium – noticed an enormous dip in value on January eleventh, across the time the hacker promoted the coin on Litecoin’s X account.
Information of the breach had little influence on LTC’s value as it’s buying and selling for $104.10 at time of writing, a 1.4% enhance on the day.
Earlier this month, it was reported that losses from crypto-related hacks soared in 2024, coming in at $3.01 billion, a 15% enhance from the earlier 12 months’s complete.
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Featured Picture: Shutterstock/Elnur/Natalia Siiatovskaia
