Ava Labs COO’s X Account Is Suspected to be Hacked With False Token Launch Information
Key Points:
- Ava Labs COO Luigi D’Onorio DeMeo’s X account was hacked and used to post false token launch information.
- The hack is part of a broader trend of crypto-related security breaches, with some incidents linked to insider actions at X.
- Similar breaches have been notable, including the hacking of Frax Finance’s account and Microsoft India’s X account.
According to PeckShield Alert, the hackers attacked the X account of Ava Labs COO Luigi D’Onorio DeMeo and utilized it to disseminate fake information about the token launch.
Read more: Doja Cat’s X Account Hacked, Pushing Scam Token $DOJA on Solana!
Ava Labs COO X Account Compromised
There is fear in the crypto community as users are warned not to engage in any link or address shared from the compromised account following a hacking incident on the Ava Labs COO’s X account.
It’s part of a concerning trend in crypto security breaches, and some point to insider actions at X. For instance, toward the end of May, crypto trader GCR reported his X account had been compromised via a bribe, which resulted in a fraudulent ORDI pump-and-dump scheme. Blockchain investigator ZachXBT later posited that the developers behind the Solana-based memecoin CAT might have been involved.
High-Profile Hacks Drive Home the Need for Better Social Media Security
On another front, Frax Finance founder Sam Kazemian has alleged an insider at X was behind the hack of the project’s account that caused the loss of access to the protocol powering the FRAX USD-pegged decentralized stablecoin in early June.
Also, in June, Microsoft India’s X account, which is officially verified, was hacked to post Roaring Kitty videos with links to purchase fake GameStop GME cryptos. It could have been because of a SIM-swapping attack, whereby scammers profited from the weakness of two-factor authentication.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Ava Labs COO’s X Account Is Suspected to be Hacked With False Token Launch Information
Key Points:
- Ava Labs COO Luigi D’Onorio DeMeo’s X account was hacked and used to post false token launch information.
- The hack is part of a broader trend of crypto-related security breaches, with some incidents linked to insider actions at X.
- Similar breaches have been notable, including the hacking of Frax Finance’s account and Microsoft India’s X account.
According to PeckShield Alert, the hackers attacked the X account of Ava Labs COO Luigi D’Onorio DeMeo and utilized it to disseminate fake information about the token launch.
Read more: Doja Cat’s X Account Hacked, Pushing Scam Token $DOJA on Solana!
Ava Labs COO X Account Compromised
There is fear in the crypto community as users are warned not to engage in any link or address shared from the compromised account following a hacking incident on the Ava Labs COO’s X account.
It’s part of a concerning trend in crypto security breaches, and some point to insider actions at X. For instance, toward the end of May, crypto trader GCR reported his X account had been compromised via a bribe, which resulted in a fraudulent ORDI pump-and-dump scheme. Blockchain investigator ZachXBT later posited that the developers behind the Solana-based memecoin CAT might have been involved.
High-Profile Hacks Drive Home the Need for Better Social Media Security
On another front, Frax Finance founder Sam Kazemian has alleged an insider at X was behind the hack of the project’s account that caused the loss of access to the protocol powering the FRAX USD-pegged decentralized stablecoin in early June.
Also, in June, Microsoft India’s X account, which is officially verified, was hacked to post Roaring Kitty videos with links to purchase fake GameStop GME cryptos. It could have been because of a SIM-swapping attack, whereby scammers profited from the weakness of two-factor authentication.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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