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Animoca Brands Co-founder Yat Siu’s X Account Hacked to Promote Fake Solana Memecoin
In a shocking turn of events, the X account of Animoca Brands’ co-founder and executive chairman Yat Siu has been hacked and used to promote a fake Solana memecoin called MOCA. The hack is believed to be part of a broader phishing campaign targeting multiple crypto-related X accounts.
According to reports, Yat Siu’s compromised account was initially promoting the fake token, which impersonates Animoca Brands and its associated Mocaverse NFT collection. Fortunately, some posts were removed, but the hacked account continued to retweet messages about the MOCA token.
In a statement, Animoca Brands confirmed the hack and expressed concern over the growing trend of attacks on crypto-related Twitter accounts. The company emphasized that it has taken immediate action to secure its systems and protect user information.
The hacking incident is the latest in a string of attacks on high-profile individuals and organizations within the cryptocurrency space. In recent weeks, several prominent figures have fallen victim to these cyberattacks, including Drake’s X account, which was used to promote a fraudulent meme coin called ANITA.
Experts warn that the growing sophistication of hackers could lead to significant financial losses for unsuspecting investors. It is crucial for users to remain vigilant and report any suspicious activity on their Twitter accounts.
The hacking incident also highlights the urgent need for improved security measures within the cryptocurrency sector. As an industry, we must work together to prevent these attacks and protect our assets from malicious actors.
Blockonomi has learned that authorities are currently investigating the matter and working closely with affected parties to restore order in the crypto space.
In related news, ZachXBT, a blockchain sleuth, has reported that over 15 X accounts have been compromised in recent weeks, resulting in approximately $500,000 being stolen through various meme coin scams.
Source: blockonomi.com
