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Saylor's MicroStrategy Gets Hacked, Loses $440K in Classic Crypto Scam - I'm Not Surprised
The X account of Michael Saylor's Bitcoin-hoarding company just got completely pwned, with hackers pushing a bogus Ethereum token "airdrop" that fleeced users out of over $440,000. Honestly, the irony here is delicious.
I watched this unfold in real-time. These scammers posted links to a fake "MSTR" token claiming it was "Ethereum-based" and "backed by MicroStrategy's Bitcoin reserves." What a joke! Saylor has spent YEARS trashing Ethereum and everything that isn't Bitcoin. Anyone who fell for this clearly doesn't follow crypto at all.
One victim lost a whopping $424,000 just minutes after clicking the phishing link. Assets stolen included $134K from Wrapped Balance AI, $122K from Chintai, and $45K from Wrapped Pocket Network. The hackers moved everything immediately to their wallets - typical PinkDrainer group tactics.
The most laughable part? Neither Saylor nor his company bothered to issue a statement right away. They just quietly deleted the posts and regained control of their account. So much for transparency from crypto's biggest corporate champion!
As crypto investor Cobie put it perfectly: "You gotta be very special to think MicroStrategy is launching an ETH token after Saylor has spent multiple years very famously saying 'there is no second best' and 'you only use one chair'."
The hackers' wallet still holds over $321K in tokens across various chains. What's truly depressing is how these basic phishing attacks STILL work in 2024. If a company that holds billions in Bitcoin can't secure their social media, what hope does the average investor have?
This incident highlights the massive disconnect between institutional crypto rhetoric and basic security practices. Maybe Saylor should spend less time giving pompous Bitcoin speeches and more time training his staff on two-factor authentication.