A hacker briefly gained entry to Litecoin’s X social media account to fraudulently promote that LTC is now obtainable 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 be aware that the crew instantly regained entry to Litecoin’s official X account.
“Litecoin’s X account was briefly compromised right this moment and posts that weren’t approved had been printed. These had been dwell just for a matter of seconds earlier than being deleted. We’re nonetheless investigating the problem, however instantly discovered a delegated account that was compromised and eliminated it. We apologize for any confusion prompted.”
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 dangerous actor added a hyperlink that takes customers to what seems to be a rug pull rip-off.
In response to information from blockchain tracker DEX Screener, the rip-off token – known as LTC/SOL on Raydium – noticed an enormous dip in worth on January eleventh, across the time the hacker promoted the coin on Litecoin’s X account.
Information of the breach had little affect on LTC’s worth as it’s buying and selling for $104.10 at time of writing, a 1.4% improve 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% improve from the earlier yr’s whole.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Test Value Motion
Comply with us on X, Fb and Telegram
Surf The Every day Hodl Combine
 
Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses you could incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in internet affiliate marketing.
Featured Picture: Shutterstock/Elnur/Natalia Siiatovskaia
