MicroStrategy’s X Account Hacked, Leads to $440K Crypto Being Stolen: Blockchain Sleuth ZachXBT

MicroStrategy’s X account was hacked on Monday, leading to a phishing message being posted for its followers, blockchain sleuth ZachXBT said.

The X account of Michael Saylor’s software firm sent out a post announcing the launch of an MSTR token and a link for claiming the fake token. MSTR is MicroStrategy's stock symbol.

there was a second best after all

(hacked acc if not obvious lol) pic.twitter.com/cdLqbqiiCO

— Spreek (@spreekaway) February 26, 2024

MicroStrategy is a business intelligence software maker that has invested more than $6 billion in bitcoin {{BTC}} and is the largest publicly traded owner of the No. 1 cryptocurrency by market cap. Founder and Executive Chairman Saylor is a supporter of the token and frequently posts about it on the social media platform. Today the Tysons Corner, Virginia-based company said it bought another 3,000 BTC, taking the total owned to 193,000.

The phishing attempt led to over $440,000 worth of crypto being stolen, ZachXBT added. The post has since been deleted.

0xe7645b8672b28a17dd0d650a5bf89539c9aa28da

~$440K stolen from the compromise so far

— ZachXBT (@zachxbt) February 26, 2024

MicroStrategy did not immediately respond to a request for comment.

UPDATE (Feb. 26, 16:27 UTC): Adds MicroStrategy's stock ticker is the same as that of the purported token in second paragraph, background on the company and it's interest in bitcoin in third.