MicroStrategy X Account Hacked, $500k Stolen In Phishing Scam

Key Points:

• MicroStrategy’s Twitter account was compromised in a phishing scam involving a non-existent $MSTR token.
• Users were redirected to a counterfeit webpage and tricked into draining their wallets.
• Losses from this scam have exceeded $440,000, as per blockchain investigators.

MicroStrategy X account hacked in a phishing scam, leading to losses over $440,000 via a fake $MSTR token airdrop.

The Twitter account of business intelligence firm MicroStrategy was recently compromised in a sophisticated phishing scam.

MicroStrategy X Account Hacked, Concerns Rise After $440k Loss

The security breach resulted in the posting of several malicious links, which claimed to offer an airdrop of a non-existent $MSTR token.

The scam was executed with a high level of sophistication. When the nearly 200,000 followers of MicroStrategy’s account might click on the posted links, they were redirected to a fake MicroStrategy webpage.

The counterfeit page was designed to mimic the legitimate MicroStrategy site and encouraged users to connect a wallet in order to claim the purported $MSTR airdrop.

Readmore: Microstrategy Bitcoin Holdings Are Now Worth $10 Billion

What Happened in the MicroStrategy Twitter Scam?

The scam took advantage of the trust of the users, prompting them to accept a series of permissions in their Web3 wallet. Once these permissions were accepted, the perpetrators behind the scam were able to automatically drain the tokens from the user’s connected wallet.

Independent blockchain investigator ZachXBT and Scam Sniffer, an anti-scam platform, have been tracking the fallout from this scam. Their analysis reveals that the losses incurred from this scam have already exceeded $440,000.