Litecoin X account hacked to promote fake token on Solana

On January 11, 2025, the official X account of Litecoin (CRYPTO:LTC) was compromised, leading to the promotion of a fraudulent token on the Solana (CRYPTO:SOL) network. 

The hacker posted a now-deleted message claiming, “LTC is now in Solana,” along with a contract address for the scam token. 

This unauthorised post briefly inflated the market cap of the fake token to $27,000 before it plummeted to $3,400 after the scam was exposed. 

The Litecoin team quickly regained control of the account and attributed the breach to a compromised delegated account, which has since been removed. 

“Litecoin’s X account was briefly compromised today and posts that were not authorized were published. These were live only for a matter of seconds before being deleted,” they confirmed in a statement.

This incident is part of a troubling trend of account hacks on X that have targeted various crypto projects in recent months. 

For instance, in December 2024, the Cardano Foundation’s account was hacked to promote a fake token called “ADAsol,” falsely claiming that support for ADA (CRYPTO:ADA) would cease due to an SEC lawsuit. 

This scam generated around $500,000 in trading volume before its value collapsed by over 99%. 

Additionally, other high-profile accounts have also fallen victim to similar attacks. 

Blockchain investigator ZachXBT reported that a single hacker managed to raise approximately $500,000 through scams involving over 15 compromised accounts during late 2024 and early 2025. 

These attacks often involve phishing emails disguised as legitimate communications from X, tricking users into revealing their login credentials. 

The series of hacks raises significant concerns about security within the cryptocurrency space and highlights the need for enhanced protective measures against such cyber threats.

At the time of reporting, the Litecoin (LTC) price was $102.03 and the Solana (SOL) price was $187.33.