KickStreaming’s account on X was hacked and used to push Solana-based rip-off tokens.
On Dec. 4, the official X account of the net streaming platform directed customers to doubtful pockets deal with hyperlinks to rip-off followers. The publish claimed that the ‘Kick Token’ is probably going to supply options for the blockchain group and particular person creators.
Bijan Tehrani, the co-founder of KickStreaming, instantly responded to the issue on X. There, he defined that the Kick token publicly posted about was neither an actual token nor was the platform planning to convey any token out. He inspired customers to report these rip-off posts because the firm was making an attempt to regain management of its account.
Rip-off tokens on the rise
Cybercriminals usually use well-known social media account hacks as a way of selling their faux tokens and scams primarily based on the belief and authority coming with official accounts. Within the crypto trade, such hacks are particularly harmful as a result of customers usually depend on the platforms and influencers for his or her data.
One of the current circumstances was the X account hack associated to Philip Bankss, the artist behind Chill Man. Unauthorized customers hacked into his accounts and began utilizing them to promote a meme coin of the identical title, claiming he had licensed his mental property and paintings for the undertaking. He publicly denounced scamming by stating that he neither supported nor allowed them to make use of his work within the crypto area.
Solana (SOL) blockchain, identified for its quick transactions with low charges, has additionally grow to be a relentless goal of many scammers. Its technical options have been weaponized by scammers to their benefit. Not too long ago, scammers manipulated Solana’s “Permanent Delegate” extension, which was meant to retrieve mistakenly burnt tokens. As a consequence, this has left a number of victims with zero balances for confirmed swaps.
