Animoca Brands exec X account don hack via phishing even though 2FA dey, dey promote fake token
Yat Siu, co-founder and chairman of Animoca Brands, don experience hacking for hin X account, even as him get two-factor authentication (2FA) enabled. Dem wey hack hin exploit phishing scam to bypass 2FA and promote fake token wey dem call 'MOCA' on Solana Pump.fun platform. The fake token just peak in value small before e fall. Blockchain investigator ZachXBT link the hack to series of crypto-targeted phishing attacks wey cost near $500,000 loss. Siu discover say the breach happen because of security flaw for account recovery process, wey make hin dey advocate for better security measures and password policies for X platform.
Bearish
Di hacking wey happen dey show di vulnerabilities for di current security measures of crypto platforms, wey fit make crypto traders and investors lose confidence. Dis kind breach dey signal potential risks wey fit lead to instability and caution for di market. Even though na targeted attack, di increased awareness wey dey around di security gap fit join to make people dey cautious, wey dey impact di overall crypto market sentiment negatively for di short term.