$440,000 Lost in Fake MSTR Airdrop From MicroStrategy’s Hacked Twitter Account

• MicroStrategy’s Twitter hacked, users targeted in a phishing scam.
• $440,000 lost in the scam about a fraudulent Ethereum token (MSTR) airdrop.
• Crypto community stresses the need for vigilance to avoid falling victim to crypto scams.

In a devastating blow to the crypto community, a phishing link on MicroStrategy‘s compromised Twitter account has resulted in the loss of $440,000. The attack involved a fraudulent airdrop link for an Ethereum token, MSTR, enticing users to claim free tokens.

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According to ZachXBT, who shared a screenshot of the compromised post, the hackers claimed that MicroStrategy was launching an Ethereum token, MSTR, integrated seamlessly into their system.

The token allegedly offered low gas fees, smooth transactions, and scalability, all backed by MicroStrategy’s Bitcoin (BTC) reserves. This piece of information could’ve likely seemed to offer some weight to the airdrop as MicroStrategy has a strong Bitcoin reserve. The post concluded with a link for users to immediately claim their free MSTR.

Crypto enthusiasts reacted with disbelief, at the fact that so many fell prey to what is clearly a scam. Hacked accounts is no new menace to the crypto sector. Besides, MicroStrategy’s CEO, Michael Saylor, has consistently expressed unwavering support for Bitcoin and Bitcoin alone. Certainly, sudden interest in an Ethereum token should have raised concern? 

In fact, Saylor has repeatedly emphasized his dedication to Bitcoin, stating it as the sole cryptocurrency worthy of investment. The incident underscores the prevalence of scams in the crypto space, with users falling victim to enticing but fraudulent schemes.

The community, while lamenting the incident, highlights the importance of thorough research and vigilance in the crypto sphere. Emphasizing that crypto success is not about quick riches, the community urges active participation, independent research, and caution to avoid falling prey to scams and safeguarding one’s funds.

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