MicroStrategy’s X account compromised, $440k stolen: ZachXBT

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend

by Katherine Ross /

February 26, 2024 09:45 am

rafapress/Shutterstock modified by Blockworks

The official MicroStrategy X account was compromised over the weekend.

A post on the official account late Sunday teased a new coin allegedly backed by the publicly traded company. Both on-chain sleuth ZachXBT and security firm PeckShield warned users about the exploit. The post has since been deleted.

According to a screenshot from PeckShield alert, the X post teased an “official Ethereum token” from MicroStrategy. The post included a link to lead users to the website where they could claim the token, though the link was part of the phishing scam.

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ZachXBT said that roughly $440,000 had been stolen from victims in the attack.

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MicroStrategy is known for its bitcoin strategy. Co-founder Michael Saylor previously said that he sees bitcoin as an “exit strategy.”

Saylor told Bloomberg last week that crypto is “technically superior” to asset classes such as gold.

According to an X post from Saylor on Monday morning, the company bought another 3,000 bitcoin.

The company now has over 193,000 bitcoin acquired for roughly $6 billion. The most recent bitcoin buy came in at $155 million for an average price per bitcoin of $51,000.

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MicroStrategy didn’t immediately return a request for comment.

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