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
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.
ZachXBT said that roughly $440,000 had been stolen from victims in the attack.
MicroStrategy is known for its bitcoin strategy. Co-founder Michael Saylor previously said that he sees bitcoin as an “exit strategy.”
Read more: MicroStrategy now holds 190,000 bitcoin
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.
MicroStrategy didn’t immediately return a request for comment.
Get the news in your inbox. Explore Blockworks newsletters:
- The Breakdown: Decoding crypto and the markets. Daily.
- 0xResearch: Alpha in your inbox. Think like an analyst.
- Empire: Crypto news and analysis to start your day.
- Forward Guidance: The intersection of crypto, macro and policy.
- The Drop: Apps, games, memes and more.
- Lightspeed: All things Solana.
- Supply Shock: Bitcoin, bitcoin, bitcoin.
