In Summary
The rise of security breaches on X (formerly Twitter) has targeted high-profile accounts with large followings, leaving users vulnerable to scams and phishing attacks.
Malicious actors have compromised the social media accounts of Litecoin, Foresight Ventures, and Aiccelerate to promote fake tokens.
These incidents highlight the growing need for stronger security measures within the crypto ecosystem to protect both users and organizations.
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Recently, a wave of security breaches on X (formerly Twitter) has targeted high-profile cryptocurrency influencer accounts.
These attacks allow hackers to use the accounts to promote fake cryptocurrencies, raising concerns about growing security vulnerabilities within the crypto ecosystem.
Hackers Target Litecoin and Other Coins
On January 11, 2024, Litecoin revealed that the project’s official X account had been compromised and accessed without authorization. The attackers posted fraudulent content, including fake Litecoin tokens associated with the Solana blockchain.
This fraudulent content was quickly removed, but Litecoin confirmed that they are investigating the incident

“Litecoin’s X account was briefly compromised earlier today and unauthorized posts were made. These posts were only live for a few seconds before being removed. We are still investigating the incident, but have immediately secured an authorized account that was compromised and removed that account. We apologize for any confusion caused,” the Litecoin team stated.
Other industry companies were also targeted. Hackers took over the account of Foresight Ventures to promote a token called MingAI, described as an AI-powered crypto assistant.
To increase credibility, the attackers provided a link to the token’s contract, a transaction tracker, and a Telegram group.
Aiccelerate, a decentralized investment platform, also experienced a separate disruption. Their account was temporarily frozen, making some posts inaccessible. This action created additional challenges for the company in maintaining its online presence.
While the financial impact on followers of the compromised social media accounts remains unclear, these incidents reflect a worrying trend where attackers utilize phishing links and promote fake tokens to target users and investors. On-chain investigator ZachXBT reported that from November to December of last year, a hacker compromised multiple X accounts, stealing over $500,000.
Furthermore, recent research from Scam Sniffer, a blockchain security firm, revealed that scam attacks surged to unprecedented levels in 2024. These attacks caused over $500 million in damages, affecting more than 330,000 crypto wallet addresses.
According to the firm, the majority of incidents stemmed from impersonated accounts, leading unsuspecting users to malicious websites through deceptive comments and private messages.
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