EddieJayonCrypto
13 Mar 25
DB, a prominent crypto news platform, experienced a hack on its X account, leading to the spread of false information about Donald Trump's TRUMP memecoin and a fabricated BlackRock ETF filing for Hyperliquid. This caused a 20% surge in TRUMP's price and a 6% fluctuation for Hyperliquid's HYPE token ...
On March 13, a prominent crypto news platform, DB, experienced a hack on its X account, which led to the spread of false information about Donald Trump's TRUMP memecoin and a fabricated BlackRock ETF filing for Hyperliquid. This caused a 20% surge in TRUMP's price and a 6% fluctuation for Hyperliquid's HYPE token before the truth emerged. The incident involved a trader attempting to profit from the chaos but ultimately suffering a loss. DB deleted the unauthorized posts and advised users to disregard information shared during the breach.
This attack on DB's account aligns with recent breaches targeting high-profile crypto-related accounts, raising concerns about the security of such accounts. The platform suspects an internal vulnerability or a compromised employee as the likely source of the breach. The compromised account had no linked third-party apps, no API key leaks, and was protected by YubiKey two-factor authentication.
Web3 security platform Harpie noted similarities to previous attacks on Dogwifcoin, Solana-based Jupiter Exchange, and memecoin launchpad Pump.fun. Blockchain investigator ZachXBT suggested these hacks might stem from social engineering tactics aimed at employees. This, in addition to the increasing frequency of these attacks, raises concerns about the security of crypto-related accounts on the platform.