In the ongoing bullish market sentiment where cryptocurrency is experiencing upside momentum, scammers have taken control of the official Microsoft India X (previously Twitter) account, which boasts over 211,000 followers. The hackers posed as the well-known meme stock trader Keith Gill, using the handle “Roaring Kitty,” to direct users to malicious websites.
Scammer hijacks Microsoft India X account
The scammers tried to take advantage of Gill’s popularity to attract potential victims and infect them with crypto wallet drainer malware. According to the post, these fraudulent sites falsely advertised a pre-sale of a non-existent GameStop (GME) cryptocurrency, exploiting the popularity of both the trader and the stock to deceive and potentially defraud investors.
The main purpose of this phishing site is to steal the assets of users who either connect their digital wallets or perform any transactions. It has also been observed that several bot accounts retweeted the hijacked post to amplify its reach. As of now, the post has been deleted.
Following this incident, the GameStop (GME) tokens experienced a massive price fall of over 25% in the last 24 hours. However, in the longer period, over the last 7 days, the GME token is still up by 103%. In the last 30 days, GME has gained a price surge of 1,370%.
The incident highlights the ongoing threat of cybercrime in the DeFi landscape, emphasizing the need for heightened vigilance and robust security measures to protect social media accounts from such breaches. Currently, no one has been reported as a victim of this incident.
BTC, BNB, SOL and TON performance
Besides this hijack, yesterday Morgan Stanley’s ETrade expressed concerns about potential stock manipulation by Keith Gill, known as Roaring Kitty. In the report, ETrade highlighted that Gill had made a massive investment in GameStop (GME) call options before he made a post on Reddit, influencing the stock price surge.
At the current time, the overall cryptocurrency market is up by 3%, and the 24-hour trading volume has surged by 12%, currently standing near $90 billion. This massive increase in 24-hour volume highlights the interest of investors and traders. This surge is driven by top cryptocurrencies like Bitcoin, Binance Coin, Solana (SOL), and Toncoin (TON), which experienced significant price increases of over 3.5%, 12.5%, 6%, and 11% respectively in the last 24 hours.
