Feb 26, 2024
Bitcoin-Holder MicroStrategy’s X Account Hacked: Security Firm
Bloomberg News
,![A Bitcoin logo in the window of a BitBase cryptocurrency exchange in Barcelona, Spain, on Tuesday, Dec. 5, 2023. Photographer: Angel Garcia/Bloomberg, Bloomberg A Bitcoin logo in the window of a BitBase cryptocurrency exchange in Barcelona, Spain, on Tuesday, Dec. 5, 2023. Photographer: Angel Garcia/Bloomberg](/polopoly_fs/1.2039099.1709144134!/fileimage/httpImage/image.jpg_gen/derivatives/landscape_620/a-bitcoin-logo-in-the-window-of-a-bitbase-cryptocurrency-exchange-in-barcelona-spain-on-tuesday-dec-5-2023-photographer-angel-garcia-bloomberg.jpg)
(Bloomberg) -- MicroStrategy Inc., the largest publicly-traded corporate holder of Bitcoin, suffered a hack on its X account that tricked some people into handing over funds to the attacker, according to crypto security analysts.
On Monday in Asia, the attacker placed a now-deleted post on the company’s X page that purported to promote a new coin backed by the Tysons Corner, Virginia-based company. Users who clicked were directed to another website in what’s known as a phishing exploit.
The post prompted security firm PeckShield to warn that MicroStrategy’s account on X — the social media site formerly known as Twitter — had been compromised. Another crypto sleuth, who goes by the moniker ZachXBT, said the hacker was able to steal about $440,000 by from users that were hoodwinked.
MicroStrategy didn’t immediately reply to a request for comment made outside regular business hours.
The company’s co-founder Michael Saylor is a prominent Bitcoin advocate. In the midst of the Covid-19 crisis, he decided to invest the enterprise-software maker’s cash into the largest digital asset. The firm’s Bitcoin holdings are worth roughly $10 billion now after the token’s latest rally.
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