The X account of Yat Siu Brands, co-founder of Animoca Brands, was hacked for promoting fake currency, the latest in a series of similar hacks that have occurred over the past month.
Blockchain gaming group Animoca Brands has confirmed that its founder and chairman Yat Siu was hacked on X to promote fake coins, in the latest in a series of attacks targeting crypto X accounts.
“Unfortunately, [Siu’s] social media accounts have been compromised,” Animoca posted on X on December 26. “The post states that the token launch on Solana was initiated by hackers.” ¤
In the now-deleted post, Siu’s account shared a link to a token launched on Solana memecoin starter Pump.fun called Animoca Brands (MOCA), whose name is a cross between the company and its Mocaverse collection of tokens of the same name (NFT). ). Blockchain researcher ZachXBT wrote in a Token post that the operation generated $500,000 last month.
ZachXBT said the fake MOCA tokens were “distributed in the same address” as the fake tokens distributed to other recently hacked CryptoX accounts.
According to Birdeye, the fake MOCA tokens peaked at $36,700 shortly after being distributed to Siu’s wallet, but lost almost all of their value within seconds, with the market cap dropping to $7,700.
The token’s current value is $6,200, and what little trading volume has been reduced.
ZachXBT previously explained that the hackers were able to control more than 15 X accounts using social media — a signal to the X group to issue a copyright infringement notice. This notification appears to be a scam and tricks victims into visiting a phishing website, where they enter their Account X password and two-factor authentication (2FA) login messages, including messages sent to the attacker’s account.
The first known incident occurred on November 26, involving Bitcoin infrastructure service provider RuneMine’s Account X, while the most recent (before the alleged Siu attack) occurred on December 26 with a cryptocurrency trading account for video streaming site Kick.
