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Title: Animoca Brands’ Exec Explains How His X Account Was Hacked Despite 2FA
In a recent revelation, Yat Siu, the co-founder and chair of blockchain gaming giant Animoca Brands, has shared a shocking tale of how his own X account was hacked despite enabling two-factor authentication (2FA). The incident highlights a significant security gap that could potentially compromise millions of user accounts.
Siu’s compromised X account promoted a fraudulent token on Solana’s Pump.fun platform, leading to a brief surge in the token’s value before it crashed. This incident serves as a stark reminder of the importance of maintaining strong password hygiene and not relying solely on 2FA for security.
According to Siu, the hacker somehow managed to obtain his login credentials and utilized the account recovery page to bypass 2FA. He noted that this vulnerability allowed the attacker to submit a request with an unregistered email address, which in turn did not trigger any alerts on his registered email. This lack of notification could have prevented the hack.
Siu emphasized that while 2FA is crucial for securing accounts, it alone is insufficient. He recommended implementing stronger notifications, particularly for sensitive actions like 2FA modifications, and urged X to take immediate action. Furthermore, he advised maintaining strong password hygiene as attackers can exploit 2FA once they have access to the password.
The hack of Yat Siu’s account serves as a cautionary tale for users to be vigilant about their online security and to avoid relying solely on 2FA.
Source: cryptopotato.com
