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


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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.”

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. 

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MicroStrategy didn’t immediately return a request for comment.

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