June 22, 2024

VeChain X Twitter Hacked Amidst Cryptocurrency Market Surge

Hackers target susceptible individuals, even as the cryptocurrency market shows signs of optimism amidst the ETF boom. Hackers broke into VeChain’s X (formerly Twitter) account recently and uploaded a phony giveaway message.

According to recent VeChain developments, hackers gained access to the altcoin’s X handle and released a significant declaration.Β 

The scammers fooled investors and VET supporters by promising a 2X profit margin on VET coins, by pretending to be a false airdrop with players able to obtain between 200K and 10 million by transferring 100K and 5 million tokens to a certain wallet.

The airdrop tweet reads, β€œIn order to participate, you just need to send between 1,000,000 VET to 5,000,000 VET to the official contribution address, and you will receive back between 200,000 VET to 10,000,000 at the address you sent the tokens form.”

Investors who saw the incident first hurried to alert others on the social media platform, which in turn sparked market volatility. Nobody is aware of how many players have already been harmed as of yet.

Also Read: VeChain and BCG Partner to Drive Sustainability Through Blockchain Technology

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