Pretend Token Surges, Then Crashes
Experiences revealed that the hacker posted a few pretend Animoca Manufacturers token, created on the pump.enjoyable platform. The put up falsely claimed it was an official token launch.
Inside 5 minutes, the pretend token’s value soared by 500%. Nonetheless, the value rapidly fell after the hacker deleted the put up.
Chairman Responds by way of Secondary Account
Utilizing a secondary account, Yat Siu confirmed the hack and revealed the attacker bypassed two-factor authentication. He said he had contacted X assist and deliberate to debate the platform’s safety flaws.
A Rising Menace
Animoca Manufacturers operates because the world’s main Web3 investor, being within the funding of greater than 540 investments in Axie Infinity, Polygon, and OpenSea. This assault highlights the dangers even distinguished figures face within the crypto world.
Earlier this yr, scammers hacked Anthropic’s X account to advertise a pretend CLAUDE token, stealing $100,000. Equally, Drake’s X account was hacked to advertise a pretend meme coin.
Based on Cyvers’ 2024 report, entry management vulnerabilities triggered $1.9 billion in losses this yr.