The social media X account of Yat Siu, co-founder and chair of Animoca Brands, was hacked to promote a fake token.
This breach is part of a series of similar attacks targeting crypto-related accounts on X. Scammers have reportedly stolen around $500,000 in the past month.
The post in question, now deleted, falsely advertised a new token called Animoca Brands (MOCA) on the Solana
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ZachXBT, a blockchain investigator, explained that Siu may have been targeted through a phishing email. According to ZachXBT, the same wallet address linked to Siu’s hacked post has been used to create fake tokens promoted through other compromised accounts.
Animoca Brands confirmed the incident on December 26, stating:
Unfortunately, Siu’s social media account has been compromised. <…> The token launch on Solana as claimed in a post was made by the hacker.
ZachXBT previously warned that this scam involves at least 15 hacked X accounts. Attackers use fake copyright breach notices to gain access.
Unfortunately, Yat Siu’s X account hack is not the only incident that makes headlines. Radiant Capital reportedly lost $50 million in a cyberattack, marking one of the most advanced breaches. How did the hackers pull off the breach? Read the full story.
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