Litecoin X account briefly hacked to promote a fake token

[_act_]

Litecoin X account was hacked and used to promote a fake litecoin token on solana network.

Litecoin X social media account was briefly hacked on Jan. 11 by a scammer promoting a fraudulent Litecoin token on the Solana network. 

"LTC is now in Solana," the hacker wrote in a now-deleted and grammatically incorrect post, which featured a contract address and a pump.fun link to the scam token.

In an update, the Litecoin team announced that it regained control of the account and said the hack was due to a compromised delegated acc

Probably some people might bought the fake token on the solana network and which is just a scam. I am always wondering people that are getting to be victims of hack like this when it is no more new at all.

[Japinat]

Litecoin, has over 1 million followers on their X account (https://x.com/litecoin).



So with such a large following, it’s likely that some people have fallen victim investing to the coin promoted by the hacker.

Unfortunately, incidents like this aren’t new, and we can expect them to happen again, what’s really important is that we stay educated about these scams and learn how to protect ourselves to avoid getting scammed.

[acroman08]

knowing how gullible some people are I can't help but wonder if there are people who fell for it despite the post only being visible for a couple of seconds(at least according to Litecoin's official account on X), that being said, I'd be amazed if someone actually fell for it because of how brief the post was visible.

I am always wondering people that are getting to be victims of hack like this when it is no more new at all.

sadly it can't be helped, there will always be people who aren't cautious enough when they are online.

[Wiwo]

Another bad situation right there, the most frequent query I do ask about x verified accounts is how the hackers get through with the payment for the subscription after stealing the account from the original handler because I understand that most of the verified accounts have KYC done and at the same time x follows card details to approve payment for subscriptions, and monthly payment so how do they go through with all of the verification thing to be able to still carry the verified tags to easily scam victims.

Lastly, x needs to do something about account security and x users most especially companies and notable people should get 2FA security activated on their x account to make it impossible for hackers to easily gain access to their accounts and ultimately scam their followers.

[BABY SHOES]

Has there been any report on the value of this loss? I mean where did X Litecoi's followers buy the shitcoin pump.fun?

Yeah like a few weeks ago you posted the same news, so indeed the target of fraudsters is the top accounts with already popular to make a profit.

But for me this is easy to identify, so I will never be fooled into buying shitcoins that are promoted through other accounts.

[albon]

The delegated account is no less important than the main account. This hacking process was carried out through it, as its security was weak, allowing the hackers to exploit the permissions granted to it to post the unauthorized tweet on the main account.. It is good that they dealt with the incident quickly because if the matter continues without being discovered, I am sure that there will be thousands of inexperienced victims who will lose their Solana coins in this scam promoted on the official Litecoin account.

Everyone knows that Litcoin has its own blockchain and specific protocols and cannot rely on another blockchain like Solana or others. Even the tweet published by the hackers, contained grammatical errors, knowing these two and not rushing was enough to avoid this easy scam that was applied to many accounts before.

[Zwei]

the intern fucked up big this time. luckily, they took the post super fast, so the damage was very little if any.
honestly, if you fall for those obvious twitter scams, you are a moron.

Another bad situation right there, the most frequent query I do ask about x verified accounts is how the hackers get through with the payment for the subscription after stealing the account from the original handler because I understand that most of the verified accounts have KYC done and at the same time x follows card details to approve payment for subscriptions, and monthly payment so how do they go through with all of the verification thing to be able to still carry the verified tags to easily scam victims.

another normal day on twitter you mean. and nope, there is no KYC for twitter premium, you just need a valid payment card that works with stripe.

Lastly, x needs to do something about account security and x users most especially companies and notable people should get 2FA security activated on their x account to make it impossible for hackers to easily gain access to their accounts and ultimately scam their followers.

compnies social media accounts typically have multiple people with access, so twitter can't help if they have bad opsec. also 2FA can't help against browser session hijacking.

[robelneo]

also 2FA can't help against browser session hijacking.

Twitter should have a security feature that ends the session after a set period of inactivity. I notice that they don't have this. I close my Twitter tab. After a few hours, I open my Twitter on another tab, and the account is still open. You have the richest man as your owner, so he can afford the cost of implementing tight security, so part of the responsibility if security fails is on the platform.

[Zwei]

also 2FA can't help against browser session hijacking.

Twitter should have a security feature that ends the session after a set period of inactivity. I notice that they don't have this. I close my Twitter tab. After a few hours, I open my Twitter on another tab, and the account is still open. You have the richest man as your owner, so he can afford the cost of implementing tight security, so part of the responsibility if security fails is on the platform.

it's pretty normal for most websites to keep you logged in when you close the tab. and twitter is no different, it's a social media platform not a bank.
if they implemented a feature like that, it would be bad for business and supper annoying for users. as they need them to be logged in all the time, doomscrolling and shitposting all day.

no amount of tight security can protect a user from himself. the person who had access to the litecoin account probably clicked on a link they shouldn't have or downloaded something they shouldn't.

[Joel_Jantsen]

So, did Elon's taking over Twitter make the system worse than before? I've been noticing this pattern very frequently a big Twitter account gets hacked to promote some meme coin. How are the hackers managing to do this multiple times with ease? Either Twitter is really broken or security isn't their priority anymore. Elon has head showed so deep inside of his ass that he doesn't see the world beyond his political propaganda. Businesses should move toe BlueSky/Farcaster or other decentralized setups if not already.

[Strongkored]

Os this account an official litecoin account? if yes, it is quite unfortunate how they are involved in the crypto world that prioritizes security but fails to secure their accounts. If someone ends up being fooled by the tweet, it makes sense because posts from official accounts are definitely considered true, so in this bullish period, their followers may think that this is a new era for litecoin that will bring changes to this coin.