Security News > 2023 > April > KuCoin's Twitter account hacked to promote crypto scam
KuCoin's Twitter account was hacked, allowing attackers to promote a fake giveaway scam that led to the theft of over $22.6K in cryptocurrency.
While the account was hacked for only 45 minutes, the crypto exchange says it was enough time for its followers to send 22 Bitcoin and Ethereum transactions, allowing the hackers to steal $22,600.
The fake giveaway invited all users to participate by sending any amount and receiving double in return, claiming that all persons are eligible for participation, even those without a KuCoin account.
They're working closely with Twitter to determine the attack pathway and how the hackers managed to hijack a verified account despite the multiple protections in place.
In late January 2023, a hacker took over the Twitter account of the cryptocurrency trading platform Robinhood and promoted a fake token launch that people invited to buy for $0.0005 each.
In September 2022, a similar incident impacted the Twitter account of the cryptocurrency exchange platform CoinDCX, with the attackers promoting fake XRP ads.