Decentraland’s X Account Compromised with Phishing Scam

Coinspeaker
Decentraland’s X Account Compromised with Phishing Scam

Decentraland, a widely popular decentralized metaverse platform boasting 607,000 followers on X, became the latest victim in a wave of high-profile social media hacks targeting the crypto space. On September 19, blockchain security firm PeckShield issued a warning that the official X account of Decentraland had been compromised for a phishing attack.

The fraudulent activity on Decentraland’s X account began at around 01:50 AM UTC on September 19, when the scammers posted the fake MANA MANA $0.29 24h volatility: 6.5% Market cap: $538.30 M Vol. 24h: $41.08 M airdrop. The hackers are actively circulating a phishing link under the guise of this fake airdrop. This deceptive link prompts them to connect their cryptocurrency wallets to claim the fraudulent airdrop. However, users who fall for the trap end up losing their funds instead of receiving any tokens.

Interestingly, in an attempt to make the scam appear more legitimate, the attackers disabled comments on the post, claiming it was to prevent malicious links—ironically using this tactic to deter suspicion.

It is important to note that the last legitimate post from Decentraland’s X account was made hours before the attack, at around 10:00 PM UTC on September 18. The post showcased the platform’s community fashion picks. As of now, Decentraland has not issued an official response to the breach.

PeckShield has urged Decentraland’s users to not engage in this fake X post for the time being. Specifically, the firm advised against clicking any links that promote the purported airdrop. PeckShield also suggested users wait for an official statement from Decentraland confirming that the account has been secured before re-engaging with any content from the platform’s X profile.

While Decentraland’s X account remains compromised, the MANA token itself has experienced a modest price rally. Amid the broader cryptocurrency market upswing, MANA marked a 4.5% increase in the last 24 hours, currently trading at $0.289. Despite the short-term gain, the token remains much below its all-time high of $5.90, recorded in 2021.

An Alarming Trend

This phishing attack is part of an alarming trend, with hackers increasingly targeting high-profile crypto-related accounts on social media platforms. In recent months, several crypto companies and influential individuals have fallen victim to similar attacks.

In February, the X account of business intelligence firm MicroStrategy was hacked, resulting in a phishing scam that promoted a fake airdrop of a non-existent Ethereum-based MSTR token. The scam caused victims to lose a combined total of $440,000.

Similarly, in April, hackers took advantage of British actor Tom Holland’s X account, using his fame to promote a fraudulent partnership with Binance, supposedly centered around a Spider-Verse-themed cryptocurrency.

As social media continues to be an important place for crypto promotion, these incidents highlight the urgent need for user vigilance in protecting their assets.

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Decentraland’s X Account Compromised with Phishing Scam