Microstrategy’s X account gets hacked, $400k stolen through phishing scam

[Nwada001]

Gullible people will always fall for things like this, i know it is easier for people to fall for this type of scam because of the account it was posted from, but we have learnt from the past that the accounts of companies and prominent people have been hacked and used to scam quite a lot of people. So do not easily believe all posts about airdrops or giveaway, notwithstanding the account it is coming from.

This is exactly where the problem starts, and that’s the reason why most of these influencers accounts are being attacked and hacked: people are too ignorant about things, and whatever they see posted on their influencers official page doesn’t need to be investigated or doubted; rather, they should act as urgently as possible in order to take part in whatever the link promises them.
 
Sometimes the kind of link that these scammers or hackers use to promote something is something that, in a normal sense, the original account owner won't share on his or her page, but greed and ignorance always make those newbies fall prey to such scams.

[The Cryptovator]

I regret it when I see that a noteable social media account has been hacked and a lot of money has been stolen from followers. Though this responsibility goes to the owner, they ignore it. A few follower blindly believed them, and that's how they ended up with a big loss. I admit that due to greedy behaviour, we have always been losing funds. So we should be able to detect something between a hack and something real. We should be able to identify suspicious things on social media. We have to cross-check if the shared data is real. We can check their other social media and websites. But due to greed and laziness, we don't do it. As a result, we become victims. So we must be very careful and learn a lot of things to save our funds. 

[Franctoshi]

This is the link to the story OP is talking about, for those who are yet to see or read it:
https://cointelegraph.com/news/microstrategy-x-account-hacked-phishing-scam
Having said that, i think these companies and institutions should do better to secure their social media accounts, because it becomes believable when scams like these are posted from their official page. I even think the victims can start a class action against MicroStrategy in this case.

Most of these things that happen, I would say typically is an insider job, basically people that manage those Twitter accounts and in the end, what would you expect they tell you? It was hacked. Therefore, despite those accounts being a target for scammers and hackers to hack, and back to your point, it's critical that these prominent companies hire experts who are security cautious when it comes to matters about their social media because of this kind of thing, knowing that high percentage number of people would tend to believe whatsoever information that spilled out of their Twitter handle as being legit information, and before you know it in situations like this, many would fall victim.

[Publictalk792]

Most of these things that happen, I would say typically is an insider job, basically people that manage those Twitter accounts and in the end, what would you expect they tell you? It was hacked. Therefore, despite those accounts being a target for scammers and hackers to hack, and back to your point, it's critical that these prominent companies hire experts who are security cautious when it comes to matters about their social media because of this kind of thing, knowing that high percentage number of people would tend to believe whatsoever information that spilled out of their Twitter handle as being legit information, and before you know it in situations like this, many would fall victim.

I agree that companies should focus on keeping their social media accounts safe. Recent events where important Twitter accounts were hacked show how important it is to have security experts in charge. When big companies and famous people use social media people trust the information they share. So it's very important to protect these accounts well to stop unauthorized people from getting in and spreading lies or bad things. By using strong security rules and hiring smart experts companies can keep their online accounts safe and protect their followers from scams or wrong information.

[CryptocurencyKing]

As usual the link was a wallet drainer link and around $400k has been lost so far. Currently the tweet seems to have been deleted from the account but it’s deed has already been done.

There is daily continue warning of just clicking links as a bitcoin or cryptocurrency investors but yet many people actually continue fall victim for something I will say as a result of gullibility or greed.

There would always be victims for a story to be complete and am not surprised that there would be those that would fall victim to this sort of strategy. It could even get worst still when a few persons where reward to use them as bait into luring more users to the system by sharing links and testimonials.

The few that might be saved from this are those who are ignorant of it and those who aren’t into anything free.
Experience in the cryptospace teaches you skepticism and how not to let the drive to clicking just any link get the better measure of you.

Also, having all your wallet or a large holding on an electronic or internet enabled device isn’t always the best way to survive in this industry. When your holdings have grown to a substantial amount, it’s a green to get a hardware wallet and ensure safety of your Bitcoin.

[Apocollapse]

2. ⁠Do not trust any information from social media even if it is from an influencer account or an official account, verify, verify and verify your information.

Verify in what? there's no needed to verify in this case.

The scam happen because the X account gets hacked and the scammer posted the phishing sites, do you think if the scammer post the real sites, it's not a scam? there's a chance if the scammer hacked the Microstrategy's sites too!

We had a similar case before, bitcoin.org is a trusted site, but it doesn't mean everything in this sites is 100% trusted. SCAM ALERT!! BITCOIN.ORG website Hacked and Offering Double return.

[Z390]

It's like saying that, who would dare hack elon musk account? As if elon musk isn't human himself, people need a lot to learn actually, the principles of keeping your crypto safe is to avoid tempting offers online, even if its from elon musk, when it's too good to be true you need to stay away, at least have some doubt and see what happen to those who jumped in right away.

After crypto wallets have warned you to never share your recovery seed with anyone, you believe that elon musk or any popular figure have the right to ask for your recovery seed, and that's not a scam? People are not just using their head is all, be you or anybody, no one has the right to ask for your recovery seed.

Assuming that you are using Trezor hardware wallet and one day you get a message from the team that they need your recovery seed for anything possible, will you still give them? Because it's from the official team? How can you even verify that it's the real team? Even if it's the real team, the rules was to never share your key, but people are sometimes very stupid.

[tbterryboy]

I wonder how these hackers and exploiters manage to hack into the accounts of these firms and organizations. Don't they have enough security for their accounts? Having a very strong password should be enough to keep these hackers away unless the managers of their accounts are also becoming victims of phishing where they click certain links or run apps or stuff that have malware injected in them, and if that is the case, they need to do something for it.

When it comes to people losing money, people need to understand that no rich person, be it an influencer, a celebrity, a content creator, or anyone in general, would ever come to social media and post a link to give money to their followers, they don't do it, so if you see something like that, understand that it's a trap.