A hacker briefly gained entry to Litecoin’s X social media account to fraudulently promote that LTC is now accessible on the favored good contract platform Solana (SOL).
In a brand new thread, the builders of the decentralized peer-to-peer community warn buyers in regards to the breach however observe that the workforce instantly regained entry to Litecoin’s official X account.
“Litecoin’s X account was briefly compromised at the moment and posts that weren’t licensed have been printed. These have 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 brought about.”
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 impression on LTC’s worth as it’s buying and selling for $104.10 at time of writing, a 1.4% enhance 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% enhance from the earlier 12 months’s whole.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Examine Value Motion
Comply with us on X, Fb and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl are usually not 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 it’s possible you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in affiliate marketing online.
Featured Picture: Shutterstock/Elnur/Natalia Siiatovskaia
