MicroStrategy’s X Account Hacked to Promote Ethereum Scam
MicroStrategy, a leading business intelligence company, found itself at the center of a cybersecurity incident. The company’s X account was compromised to broadcast a fraudulent Ethereum token airdrop, deceiving users with the promise of free tokens.
The unauthorized post announced the launch of “$MSTR,” an Ethereum-based token allegedly integrated into MicroStrategy’s ecosystem.
It touted low transaction fees, a foundation on trusted and scalable code, and backing by MicroStrategy’s Bitcoin reserves. The tweet also invited users to claim a supposed free $MSTR token.
Cybersecurity experts have confirmed that this announcement was a scam, and MicroStrategy has not initiated any such token airdrop.
Upon further investigation, it has been reported that approximately $440,000 has been stolen as a result of this compromise.
MicroStrategy promptly regained control of their account, with the fraudulent post no longer being visible.