A hacker broke into MicroStrategy's X account and shared a fraudulent link that led to the theft of nearly $500,000 in cryptocurrencies.
MicroStrategy, the world's largest corporate Bitcoin holder, fell victim to a cyberattack on February 26th when its Virtual currency was stolen. MicroStrategy quickly removed the deceptive post, but a copy was saved by a crypto person identified as Spreak.
According to screenshots, hackers tried to fool users into thinking that MicroStrategy was distributing a new Ethereum-based token called MSTR. Clicking on the link provided and entering your credentials will give the scammers access to steal your “Free MSTR”.
The full extent of the breach remains unclear, but an investigation led by blockchain researcher ZachXBT suggests the scammers may have obtained more than $440,000 in crypto so far.
Transaction records linked to the suspected hacker's address show that a significant portion of the stolen funds were laundered, with transfers directed to various exchange platforms including KyberSwap, ParaSwap, and POKT Network. At the time of writing, MicroStrategy has not released any public statement regarding this incident.
This latest development comes just days after MicroStrategy founder Michael Saylor reaffirmed his commitment to holding the company's significant Bitcoin reserves, which currently exceed 190,000 BTC (equivalent to over $9.7 billion). is.
