Babylon X Account Was Hacked and Posted Scam Links

Key Points:

• Babylon X account was compromised, with hackers posting phishing links.
• A surge in hacks, including Solv’s X account and crypto wallet Phantom has users concerned about the security of X.

The Cosmos Zone ecosystem Blockchain Babylon X account was recently compromised by hackers.

Read more: Superchain Eco X Account Appears Scam Tweet

Babylon X Account Compromised in Phishing Attack

During the breach, the hackers sent phishing links to unsuspecting users from the Babylon X account. Even though the malicious posts have now been removed, it still is not known whether full control has been restored. Users have been advised to steer clear of clicking on any link associated with this account until further notice.

Babylon leverages the security and decentralization of the Bitcoin network to stake any other Proof of Stake blockchain without the use of bridges, custodial services, or wrapped tokens. Its unique approach to blockchain technology has made it a notable player in crypto.

Phantom Denies Token Airdrop Rumors

The incident follows a surge in hacks targeting prominent X accounts in the cryptocurrency industry. Recently, Solv’s official account was also compromised, with attackers spreading false token information.

Meanwhile, a crypto wallet developer Phantom dismissed rumors it would be launching a token. The speculations arose after the platform introduced a range of social features, which many misinterpreted as an airdrop. On its X account post, Phantom firmly denied the rumours of launching tokens for now and maintained that it would instead continue to improve user experience.