ZachXBT says a hacker has breached 15 crypto-focused X accounts to share scam memecoins that have netted the attacker around $500,000.
A threat actor has stolen around $500,000 over the last month from launching memecoin phishing scams on 15 compromised X accounts, according to blockchain investigator ZachXBT.
The perpetrator impersonated the X team and sent fake copyright infringement notices to create a sense of urgency and trick the social media platform’s users into visiting phishing sites, ZachXBT explained in a Dec. 24 X post.
The victims would then unknowingly use the fake site to reset their X account passwords and two-factor authentication (2FA) logins.
