ZachXBT shared details regarding a cyber attacker who hacked accounts on the social media platform X to promote a fake memecoin. These illicit activities raise concerns about security vulnerabilities within popular social media platforms.
Accounts Compromised through Phishing Techniques
ZachXBT reported that the cybercriminal stole login credentials from high-profile X accounts by sending phishing emails impersonating the X team. The emails were designed to resemble notifications regarding policy and guideline violations from X, creating a false sense of urgency that encouraged recipients to click on malicious links.
“In the past month, over 15 X accounts were compromised, resulting in the theft of approximately $500,000,” said ZachXBT.
According to the smart contract platform Neutron, the malicious actor sent fake copyright infringement emails, leading targeted X users to reset their passwords and two-factor authentication. Once the accounts were compromised, the attacker closed all sessions, altered security settings, and gained access to post harmful links promoting scam tokens.
Recommended Security Measures
ZachXBT recommends implementing security measures such as limiting email address repetition across services and using security keys for important accounts. The cyber attacker was reported to switch between Solana 
$188 and Ethereum 
$3,324 to obscure their funding source.
To ensure account security, users should enhance their email security and enable two-factor authentication. Additionally, they must remain cautious of enticing offers or posts, even if they come from reputable accounts. Creating a unique email for X and utilizing it solely for this purpose could also be beneficial. It is advisable to right-click links in incoming emails, copy them, and paste them into a notepad to verify their legitimacy before clicking.
Users should remain vigilant against phishing emails and avoid clicking on suspicious links.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
