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The Daily Hodl 2025-01-13 19:45:07

Scammer Briefly Hacks Litecoin’s X Account, Promotes Fake LTC Coins Based on Solana (SOL)

A hacker briefly gained access to Litecoin’s X social media account to fraudulently promote that LTC is now available on the popular smart contract platform Solana ( SOL ). In a new thread, the developers of the decentralized peer-to-peer network warn investors about the breach but note that the team immediately regained access to Litecoin’s official X account. “Litecoin’s X account was briefly compromised today and posts that were not authorized were published. These were live only for a matter of seconds before being deleted. We’re still investigating the issue, but immediately found a delegated account that was compromised and removed it. We apologize for any confusion caused.” A screenshot of the incident shows that the scammer posted a message using Litecoin’s X account to falsely claim that LTC “is now [on] Solana.” The bad actor added a link that takes users to what appears to be a rug pull scam. According to data from blockchain tracker DEX Screener, the scam token – referred to as LTC/SOL on Raydium – saw a massive dip in price on January 11th, around the time the hacker promoted the coin on Litecoin’s X account. News of the breach had little impact on LTC’s price as it is trading for $104.10 at time of writing, a 1.4% increase on the day. Earlier this month, it was reported that losses from crypto-related hacks soared in 2024, coming in at $3.01 billion, a 15% increase from the previous year’s total. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Elnur/Natalia Siiatovskaia The post Scammer Briefly Hacks Litecoin’s X Account, Promotes Fake LTC Coins Based on Solana (SOL) appeared first on The Daily Hodl .

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