MicroStrategy’s X Account Hacked, Leads to $440K Crypto Being Stolen: Blockchain Sleuth ZachXBT

The phishing attempt has already led to $440,000 worth of crypto being stolen.

AccessTimeIconFeb 26, 2024 at 7:32 a.m. UTC
Updated Mar 8, 2024 at 10:07 p.m. UTC
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MicroStrategy’s X account was hacked on Monday, leading to a phishing message being posted for its followers, blockchain sleuth ZachXBT said.

The X account of Michael Saylor’s software firm sent out a post announcing the launch of an MSTR token and a link for claiming the fake token. MSTR is MicroStrategy's stock symbol.

MicroStrategy is a business intelligence software maker that has invested more than $6 billion in bitcoin (BTC) and is the largest publicly traded owner of the No. 1 cryptocurrency by market cap. Founder and Executive Chairman Saylor is a supporter of the token and frequently posts about it on the social media platform. Today the Tysons Corner, Virginia-based company said it bought another 3,000 BTC, taking the total owned to 193,000.

The phishing attempt led to over $440,000 worth of crypto being stolen, ZachXBT added. The post has since been deleted.

MicroStrategy did not immediately respond to a request for comment.

UPDATE (Feb. 26, 16:27 UTC): Adds MicroStrategy's stock ticker is the same as that of the purported token in second paragraph, background on the company and it's interest in bitcoin in third.

Edited by Sheldon Reback.


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